By  on February 15, 2007

PARIS — French fashion brand Paule Ka — a favorite of French presidential candidate Ségolène Royal — is flush, thanks to a recent capital increase by private equity fund Patrimoine et Creation, which has acquired a 17 percent stake.

Paule Ka's consolidated sales hit 25 million euros, or $30.5 million at average exchange, for the 12-month period ended July 31, 2006. The company has posted revenue gains of more than 10 percent a year for several years, according to a company statement.

Upcoming projects for Paule Ka include introducing a fur collection and a leather goods line next winter. In November, the brand opened a flagship on the Rue Saint Honoré here.

Patrimoine et Creation primarily works with independent, small and medium-sized companies whose yearly sales exceed 5 million euros, or $8.5 million at current exchange rates, and whose activities lie in the literary, movie, audiovisual, musical or luxury industries. The venture with Paule Ka marks Patrimoine et Creation's first venture into the fashion arena.

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