PARIS — Private equity firm Advent International has acquired a majority stake in French fashion chain Gerard Darel with a view to speed its global expansion. Financial terms were not disclosed.
In a statement, Advent said it would support a plan to double Darel’s turnover by doubling its store presence in France to 80 locations, and to expand its global presence. Management at the Paris-based firm, led by the founding family, will remain in place.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)