GERMANY - All change at top fashion house

Founded in Hamburg, Germany as a women’s ready-to-wear brand in 1975, Jil Sander has been controlled by the Prada Group since September 1999. Jil Sander is a highly-regarded fashion house which designs, manufactures and distributes luxury women’s and men’s ready-to-wear, accessories, footwear and fragrances. Today, Jil Sander is present in the world’s most important luxury-goods markets through its 16 directly-operated stores and an extensive independent client network in Asia, Europe and North America.

Over the past year, Jil Sander’s CEO Gian Giacomo Ferraris has implemented a comprehensive restructuring plan aimed at restoring efficiency throughout the entire organisation. The company is on track to reach operating break-even in 2006, with total revenues forecast in excess of EUR 140m. In July 2005, the company appointed Raf Simons as its new creative director. With a strong management team and creative leadership, a lean and efficient organisation, and an enduring reputation for innovative design, high-quality materials and production processes, Jil Sander is now well-positioned for significant growth and development.

Building on the work completed under the stewardship of the Prada Group, Change Capital Partners is committed to respecting and protecting Jil Sander’s strong brand identity and values. Change Capital Partners will seek new opportunities for growth by developing representation in emerging markets and capitalising on the existing presence in the US, Japan and Europe. In addition to geographic expansion in these markets, Change Capital Partners will also explore the opportunities presented by expanding existing product categories

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