FRESSANGE REDUX: Inès de la Fressange is returning to her signature fashion label, according to a statement published jointly by the brand and Calao Finance on Thursday. The move comes after Calao, alongside The Luxury Fund (based in Dubai), which already is a shareholder in Elie Saab, and French private investors acquired Inès de la Fressange for an undisclosed sum from François-Louis Vuitton. De la Fressange founded the company in 1991.
Fabrice Boé, formerly a senior adviser to Calao Finance, who also has held top-level posts at Prisma Presse, Hermès International and Lancôme, spearheaded the acquisition. He becomes president of the label that includes fashion, accessories and lifestyle objects and whose year-end retail sales could hit 20 million euros, or $26.1 million at current exchange, according to an estimate in the statement.
This story first appeared in the May 31, 2013 issue of WWD. Subscribe Today.
De la Fressange wears many hats. Recently among them: She is the Roger Vivier brand ambassador, penned a bestselling guide “La Parisienne” and is a L’Oréal Paris face.