Isabel Marant may not own her eponymous brand for much longer. The French designer is said to be in talks with private equity firm Eurazeo regarding the sale of a controlling stake in the fashion label, a source told Reuters last week.
Established in 1994, the Parisian label is said to generate annual sales of close to Dhs793,357,200 million, attracting great interest from the firm. Marant is apparently keen to expand its global presence, and widen its product range into bags and leather goods.
This isn’t the first time Eurazeo has shown interest in investing in luxury fashion. The private equity firm has made a number of investments in recent years, already owning shares in Desigual, Moncler and Vestaire Collective.
Discussions between Marant and Eurazeo are said to have been going on for several weeks already. But all is not lost for Marant – Eurazeo is currently conducting due diligence, meaning it may take months for the deal to go ahead, if it is finalised at all.
It remains to be seen what impact this will have on the label, but we hope the chic boho designs that we know and love remain no matter what the outcome. — via Harper's Bazaar Australia