By  on January 26, 2010

PARIS — Starwood Capital Group is on the lookout for astrategic partner for its Annick Goutal business.

A spokesmanfor the private investment firm confirmed information that appeared lastweek in France's Les Echos newspaper. In an interview publishedWednesday, Barry Sternlicht, Starwood's chairman and chief executiveofficer, is quoted as saying, "Annick Goutal is not a major part of ourportfolio in terms of size. That being said, we are ready to commitcapital to make the company grow and we would like to find a strategicpartner for that."

Starwood purchased Goutal as part of the $3.2billion acquisition of Groupe Taittinger/Societe du Louvre in 2005.

InNovember 2009, Starwood Hotels & Resorts Worldwide, the real estateoffshoot of Starwood Capital, sold Bliss Worldwide Holdings to SteinerLeisure for $100 million.

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