By  on March 7, 2018

PARIS — Smuggler, the French suit maker that repeatedly dressed President François Hollande during his term, has a new owner, with the acquisition of its holding company, Orphée-Longchamp, by Molitor Group.Orphée-Longchamp was placed in receivership in January 2017.Smuggler’s former chief executive officer Gilles Attaf on Wednesday confirmed that the commercial court of Limoges, France, had green-lighted the deal, which includes Smuggler's production facility in Limoges.Molitor Group specializes in insurance brokerage but also owns a handful of men’s suit brands, including Tailor Corner and Torcello. Its cofounder Gilles Zeitoun is from a family of tailors, and owns a men’s wear atelier in Portugal, Attaf explained.Attaf, who has been appointed managing director of the group, declined to communicate the value of the transaction.“We are delighted to be entering a group which has expertise in customer relations and the digital field,” he said.The executive, who has been a champion for the “Made in France” appellation, purchased the brand in 2000 via leveraged buyout.Smuggler, which has been producing custom suiting since it was founded in 1978, has 10 stores — nine in France and one in Luxembourg — and employs more than 100 people.

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