PARIS — Investment firm Eurazeo is in preliminary talks to take a majority stake in Isabel Marant, according to a report.
A spokesman for the French fashion label reached Friday had no comment on the information.
Talks about a transaction have been ongoing for a few weeks and are currently in a due-diligence phase, while an agreement is not imminent, according to Reuters, which cited sources close to the dossier.
The news comes about six months after the designer discussed a possible sale with WWD. During an interview in April, Marant expressed her contentment about keeping things steady and on her own terms.
“I’m very happy about being independent, being sold in the nicest department stores all over the world,” she said then. “But my aim with my label is not to be on all the corners. I would like to keep a certain confidentiality, even if it’s not, really. I think when things become too much it becomes a bit disgusting.”
The designer went on to say that having a flagship in key cities and maybe a fragrance or a handbag were possibilities but were on the back burner, as was the idea of selling a stake in her company to a major investor.
“It’s not our next step for sure,” Marant said at the time, about taking on an investor. “I’m not saying no because I never know what’s going to happen.”
Her label currently has 18 locations, including in San Francisco, London, Madrid, Copenhagen, Dubai and Beirut. In the Far East, Isabel Marant stores have opened in Hong Kong, Tokyo, Osaka, Seoul and Bangkok.
The designer plans to open her second store in Manhattan early next year.
Eurazeo has been busy on the fashion-acquisition front. In September, the private equity fund took a minority stake in Vestiaire Collective, a European seller of pre-owned fashion and accessories. It has also invested in Moncler and Desigual.