PARIS — Fast-growing interiors firm Christian Liaigre Group is coming on to the market, according to industry sources.
The interiors and luxury furnishings company has been controlled since 2009 by private equity firm Bridgepoint, which accelerated its international development.
Investment firms Michel Dyens & Co. and Edmond de Rothschild have been given a co-mandate to find a buyer for the firm, sources said.
The Liaigre company is believed to generate revenues of about 50 million euros, or $53.8 million at current exchange, and is profitable, benefiting from strong and sustained demand for so-called “experiential luxury.”
Liaigre famously designed the Mercer Hotel in Manhattan and the Montalembert in Paris, both examples of the pared-down, linear aesthetic popular among fashion folk. He also did the interior of La Societé, a swanky restaurant at Saint-Germain-des-Prés in Paris frequented by the likes of Charlotte Casiraghi and Antoine Arnault, and host to innumerable fashion parties.
Liaigre recently opened stores in Munich and London, bringing its total network to 27 locations, versus six when Bridgepoint acquired the company. The units sell a range of luxury furnishings and home accessories.
It is understood the company, founded in 1985, sees significant potential to expand in the Far East, Middle East and in other parts of Europe.