Eurazeo invests €285m in Desigual

The fresh capital will be used to accelerate Desigual's international development, particularly in the US, Latin America and Japan, and to continue its geographic expansion in Europe. The brand also plans to offer new products, such as accessories, footwear and household goods, and to build a new distribution hub.

The partnership also grants Eurazeo governance and investment-protection rights.

Company
Headquartered in Barcelona, Desigual was founded in 1984 by Swiss owner Thomas Meyer. The company designs and distributes clothing and accessories for women, men and children, and employs more than 3,000 people. The clothing brand has 405 standalone stores, as well as 2,500 department store concessions and is represented at 11,000 multi-brand outlets across 109 countries.

Revenues have increased tenfold since 2007, reaching €828m in 2013, up 18% on 2012. Between 2009 and 2013, compound annual growth was 29% and the company's EBITDA margin stood at 29% in 2013. Digital sales accounted for 10% of sales last year.

People
Virginia Morgan is deputy CEO of Eurazeo. Manuel Jadraque is CEO of Desigual. Thomas Meyer is the founder and owner of Desigual.

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• Topics
• Expansion
• Southern Europe
• Consumer
• France
• Eurazeo
• Spain
• France