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Jacquemus seeks minority investor to fund expansion into beauty

Chloe Burney
31 October 2024

Luxury fashion brand Jacquemus, which is set to open its first store in London next month, has confirmed it is seeking a minority investor to fund its retail expansion and foray into beauty.

In 2021, Jacquemus planned to partner with Puig on a beauty venture. At the time, Puig acquired a 10% stake in the company, but the plan was aborted and Jacquemus repurchased the stake.

Now, Jacquemus had retained Rothschild & Co. to help it find a minority investor to help it grow in the US, Europe and Asia and fund it's beauty expansion. This comes as luxury faces a slump, which is expected to negatively impact the French brand's revenues in the upcoming year.

"I value my independence, I want to pass the business on to my children, but I need to break the glass ceiling by finding the right partner who will remain a minority shareholder,” Founder Simon Porte Jacquemus told the French daily Le Figaro.

"This is a very positive step for Jacquemus and its teams. Talks are well advanced, but I can’t say more at this stage. We’re also considering diversifying into beauty," he added.

After a grand opening in New York's Soho earlier this month, Jacquemus is set to open a shiny new store in London's Mayfair on 15 November.

In a statement Jacquemus said: "I feel extremely proud to be able, independently, to have opened boutiques in Paris, Saint-Tropez, Courchevel, Dubai, New York and now London. It’s a very special moment for the brand and its growth."


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