NOBLE INVESTMENT: Investment firm CM-CIC Capital Finance has taken a minority stake in French preppy casual ready-to-wear label Vicomte A.
The three-year investment will allow the brand, created by Arthur de Soultrait in 2005, to grow its business, notably in international markets.
Vicomte A., which offers colorful men’s, women’s and children’s wear, generated sales of 17.5 million euros, or $24 million at average exchange rate for the period, in 2013. The brand does 15 percent of its business in international markets and is targeting 40 percent by 2018, the two companies said in a statement.
“CM-CIC Capital Finance will allow Vicomte A. to enter into a new phase of its development, with the ambition of becoming a major player on the high-end ready-to-wear market, notably for men,” de Soultrait stated.
Terms of the investment were not disclosed.