Simon Porte Jacquemus sees his fortune soar after deal with L'Oréal
Designer Simon Porte Jacquemus climbs 200 places in the ranking of French fortunes.
Published 1sem1 sourceNotable
Lire en français
≈ 19s
700 million
8% of his capital for 700 million euros, valuing his brand
The fact
L'Oréal acquired 14.8% of his capital for 700 million euros, valuing his brand.
This partnership strengthens his position in the luxury and fashion sector.
Click the link to read an article on the topic:
Why it matters
Ce rachat permet à Jacquemus d'accélérer son développement international tout en conservant une majorité de contrôle sur sa marque, avec des retombées économiques attendues pour la région Provence-Alpes-Côte d'Azur.