PARIS — Smuggler, the French suit maker that repeatedly dressed President François Hollande during his term, has a new owner, with the acquisition of its holding company, Orphée-Longchamp, by Molitor Group.
Orphée-Longchamp was placed in receivership in January 2017.
Smuggler’s former chief executive officer Gilles Attaf on Wednesday confirmed that the commercial court of Limoges, France, had green-lighted the deal, which includes Smuggler’s production facility in Limoges.
Molitor Group specializes in insurance brokerage but also owns a handful of men’s suit brands, including Tailor Corner and Torcello. Its cofounder Gilles Zeitoun is from a family of tailors, and owns a men’s wear atelier in Portugal, Attaf explained.
Attaf, who has been appointed managing director of the group, declined to communicate the value of the transaction.
“We are delighted to be entering a group which has expertise in customer relations and the digital field,” he said.
The executive, who has been a champion for the “Made in France” appellation, purchased the brand in 2000 via leveraged buyout.
Smuggler, which has been producing custom suiting since it was founded in 1978, has 10 stores — nine in France and one in Luxembourg — and employs more than 100 people.