PARIS — Private equity fund LBO France said it has finalized the acquisition of clothing brand IKKS from Roger Zannier.
LBO France, which in 2011 took a 20 percent stake in French retailer The Kooples, said it has purchased a majority stake in the French purveyor of casual chic. Zannier will retain around 30 percent in the company’s capital and investment firm The Silverfern Group will hold a minority stake.
LBO said it plans to accelerate the chain’s development in Paris, significantly strengthen its communications program, and fund international expansion.
According to LBO, the IKKS Group’s 2014 sales topped 300 million euros, or $398.8 million at average exchange rates, with 20 percent of the total generated outside of France.
The company’s three retail banners — IKKS, One Step and I.Code — are present in Benelux, Spain, Germany and the Middle East.
IKKS operates a network of 526 boutiques, counts 218 department store corners and also distributes via wholesale accounts and an online shop. The brand started in kid’s wear and diversified into women’s and men’s fashions.
LBO France also holds stakes in skin-care firm Payot and men’s underwear maker Eminence.