Home / Knowledge / News / Fashion / Advent acquires fashion retailer Gérard Darel
Advent acquires fashion retailer Gérard Darel
07
Jul '08
French retailer Gérard Darel and Advent International, the global private equity firm, have announced a strategic and financial partnership agreement that is intended to support the company's international expansion plans.

Gérard Darel is a leading designer and retailer of mid to high-end women's ready-to-wear clothing that currently enjoys a well established position in Western Europe, most notably France, Spain, Italy and the UK, as well as a growing presence in a further 40 countries. This move represents an important step for the family-run group to further strengthen the group's competitiveness across international markets.

The company's strong brand, high-quality products and efficient distribution network have contributed to the group's sustained growth over recent years. Gérard Darel currently employs 600 people in more than 40 countries and generated sales of around €158 million in 2007, up 12% from the previous year. With more than 30% of its turnover coming from international markets, the business benefits from a worldwide network of over 90 “own brand” shops, 140 department store concessions and 1200 multi-brand boutiques, providing a strong platform for cross-border growth.

In Advent International Gérard Darel has found a partner whose core expertise in developing businesses internationally supports the next stage of the company's development: positioning Gérard Darel as a global player. The strategy is to double the group's turnover through growing the number of own-stores in France from 40 to 80 as well as strengthening the group's competitiveness and network globally.

Gérard Darel recently announced that the up-and-coming American actress Mamie Gummer, daughter of Meryl Streep and Don Gummer, would become the new face of the company, demonstrating its commitment to firmly establish Gérard Darel's appeal as an international brand.

Laurent Gerbi, CEO of Gérard Darel, said: “In selecting Advent International as our partner, our group has access not only to the expertise of a renowned global private equity player to advance the company's international development, but also the financial resources to support our ambitious growth strategy. We have great confidence in this collaboration which will enable us to take the Gérard Darel brand to its next level.”

Pascal Stefani, Managing Director of Advent International in France, commented: “We are delighted to support the management team composed of Danielle Darel, Laurent Gerbi and David Maruani, whose ambitions and values we share, in this new phase in the company's development. We have been impressed by the quality of Gérard Darel's products and its excellent positioning in the affordable luxury goods market. The company's future growth prospects are strong and the performance of its retail and wholesale network, as well as the professionalism of its management team, is equally important assets which will allow Gérard Darel to becomea leading women's clothing and leather goods brand worldwide.”


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search