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An Offer for Jil Sander?

Owner said to get bid from Chinese investors.

MILAN — The plot thickens at Jil Sander AG.

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.