ONE FOR EACH x OTHER: Mode et Finance, a French venture capital firm managed by CDC Entreprises, has taken a minority stake in Each x Other, the Paris-based collective that describes itself as a “collaborative art and fashion brand.”
This story first appeared in the July 9, 2013 issue of WWD. Subscribe Today.
Christophe Bosc has been named president of the company, launched in 2012 by Ilan Delouis and Jenny Mannerheim, a gallerist and former art director of magazines including Numéro, Vogue Hommes International and Beaux Arts.
Bosc, who cofounded Faith Connexion with Delouis, was previously general manager of the French division of Valentino.
“Each x Other is a creative brand, based on an original and promising concept, which is very commercially successful worldwide,” said Isabelle Ginestet-Naudin, deputy managing director at CDC Entreprises, a future entity of Bpifrance, the new state-owned investment bank.
“Bpifrance, through Mode et Finance, is joining forces with its managers to accompany them and help them to structure the development of the brand and allow them to build a solid team,” Ginestet-Naudin added.
Mode et Finance specializes in long-term investments in small and medium-size companies in the fashion and luxury sectors that are profitable, generate revenues of at least 500,000 euros ($650,000 at current exchange), and show strong potential for international growth.
Brands that have benefited from the company’s financial investment in the past include Ami, Nicolas Andreas Taralis, Bouchra Jarrar, Maison Martin Margiela, A.F. Vandevorst, Anne Valérie Hash and Polux.
Each x Other is carried by more than 100 retailers, including Barneys New York, Le Bon Marché and Colette in Paris, and Web site Net-a-porter.