PARIS — Seizing on a buzzy fashion category, Belgian fashion fund CLCC S.A. has made an investment in Brussels-based jewelry brand Kim Mee Hye.
The upstart fund, backed by shipping magnate Pierre Cigrang and his family, said it plans to inject money to expand the collection, increase its global distribution and raise brand awareness via PR events.
The size of the stake and financial terms were not disclosed.
Established in 2012 by self-taught designer Kimy Gringoire Lejeune, 31, the Kim Mee Hye line is carried by about 15 specialty stores including Colette in Paris, Browns in London, 10 Corso Como in Milan, Opening Ceremony in New York, and Renaissance in Antwerp.
CLCC describes the fine jewelry as radiating “refined, understated luxury” via pure forms, such as crosses, and an avant-garde approach, as seen in double-layer rings or bracelets that swing open. Retail prices range from 2,100 euros to 25,000 euros, or $2,890 to $34,415 at current exchange rates.
Antony Verbaeys, managing director of CLCC, said he was attracted by the “immediate clarity about the artistic and commercial direction for the company, and which strategy to implement to achieve these goals.”
CLCC also holds investments in Belgian fashion brands A.F. Vandevorst and Christian Wijnants, as well as in the designer shoe label WeberHodelFeder and the online luxury retailer Crest & Co.
The Cigrang family has been in the sea freight business since 1928. Brothers Pierre and Christian Cigrang got their first taste of fashion in the Nineties when they invested in Raf Simons’ namesake label.