PARIS — Mode et Finance, a French venture capital firm managed by CDC Entreprises, has taken a minority stake in AMI Paris, the holding company for French men’s wear brand AMI Alexandre Mattiussi.
This story first appeared in the October 25, 2012 issue of WWD. Subscribe Today.
Mode et Finance specializes in long-term investments in small- and medium-size companies in the fashion and luxury sectors that are profitable, generate revenues of at least 500,000 euros, or $650,000 at current exchange, and show strong potential for international growth.
Brands that have benefited from the company’s financial investment in the past include Nicolas Andreas Taralis, Bouchra Jarrar, Maison Martin Margiela, A.F. Vandevorst, Anne Valérie Hash and Polux.
The investment will allow AMI, launched in 2010, to speed its commercial development. Mattiussi has received critical plaudits for his ready-to-wear and accessories, based on wearable staples and carried by stores including Barneys New York, Printemps, Lane Crawford and 10 Corso Como.
“Bolstered by its commercial success, AMI would like to capitalize on the dynamism of the brand to develop its distribution network,” Mode et Finance stated.
It is understood AMI is zeroing in on a space in the trendy Marais district of Paris to open a freestanding boutique.
Mattiussi was born and raised in Normandy, France and moved to Paris to attend design school at Duperré. At 21, he secured a position at Dior Homme as an assistant on the 30 Montaigne line of classic men’s pieces. He later launched his own collection of shirts before taking a position at Givenchy from 2004 to 2008 as an assistant designer for men’s wear, working for a time under Riccardo Tisci.
He then worked for two seasons as a senior men’s designer for Marc Jacobs, traveling between New York and Europe, before leaving to start AMI Alexandre Mattiussi with a group of about 10 individual investors.