PARIS — Mode et Finance, a French venture capital firm managed by CDC Entreprises, has taken a minority stake in 75, the holding firm for Nicolas Andreas Taralis, the Paris-based ready-to-wear label known for its androgynous tailoring.
Mode et Finance (Fashion and Finance, in English) specializes in long-term investments in small- and medium-sized 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 Bouchra Jarrar, Maison Martin Margiela, A.F. Vandevorst, Anne Valérie Hash and Polux.
The investment will allow Taralis, a former assistant of Hedi Slimane at Dior Homme, to grow his team and accelerate commercial development. Taralis created his label in 2009 after serving as artistic director of Cerruti from 2006 to 2007. He produces ready-to-wear for women and men, in addition to shoes.
The designer, who until now was the sole shareholder of his label, said the company employs two people, and he hopes to hire another two or three by the end of the year.
His priorities are to expand the collections, which currently focus on tailoring and outerwear, and diversify sourcing in order to provide a wider range of price points, Taralis told WWD. He noted that many items were made in Italy at present.
“We have been very focused on the high end, so we would like to widen the field,” said Taralis. “I’m not yet thinking about a secondary line, but we plan to expand the collection to include items that could be worn more easily on the street.”