PARIS — Businessman Xavier Marie, the French investment fund Apax Partners SA and French public investment bank BPI France have entered into exclusive negotiations for the French cashmere sweater brand Eric Bompard, according to a statement from investors Friday.
While financial details of the deal were not disclosed, the investors plan to further develop the brand abroad and online, according to the statement.
The 30-year-old Bompard group, which is run by the founder’s daughter, Lorraine de Gournay, sells sweaters for men, women and children and counts 56 stores. The transaction could close in the first quarter of the year, according to the statement.
De Gournay joined the company in 2004 at the age of 27, charged with preparing the business for sales online. Her father, Eric Bompard, remains president of the company.