According to sources, Change Capital Partners, which owns Jil Sander, has received at least one nonbinding offer of interest in the fashion brand from “Chinese investors.” The identity of the investors could not be learned.
As reported, Change Capital, which acquired the label from Prada SpA for an undisclosed sum in February 2006, is said to be considering exiting its investment — having grown tired of waiting for Jil Sander’s bottom line to match its critical acclaim — and has been sounding out the market regarding potential interest.
With an offer on the table, the London-based private equity fund, which is backed by the Halley family and led by former Carrefour and Marks & Spencer and current Vodafone and Société Générale board member Luc Vandevelde, now will decide if it wants to deal, sources said.
It is unclear whether the said bid for Jil Sander is close to Change Capital’s alleged valuation of around 200 million euros, or $311.6 million at current exchange, to 220 million euros, or $342.8 million, and industry experts have suggested that a figure closer to 150 million euros, or $233.7 million, would be more reasonable, given the current economic climate.
A spokesman for Change Capital declined to comment on the speculation Thursday.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive
For @simonerocha_‘s fall show, hairstylist @jamespecis created a look inspired by the painter John Constable. Models’ hair was pulled back, tied into knots and topped off with a bow. (📷: @kukukuba) #wwdbeauty #lfw
Queen Elizabeth made a surprise appearance at @richardquinn1's London Fashion Week show to present the designer with the inaugural Queen Elizabeth II Award for British Design. The new award will be handed out annually to an emerging British fashion designer who shows exceptional talent, while demonstrating value to the community and sustainable policies. #wwdfashion #lfw (📷: @giovanni_giannoni_photo)