The Calida Group has completed the sale of the Millet Mountain Group to Jean-Pierre Millet, investor and grandson of the founder of Millet, and Inspiring Sport Capital, a private equity company specialised in the sports industry, as scheduled on April 20, 2022.
Jean-Pierre Millet together with Inspiring Sport Capital have taken over the Millet Mountain Group with the brands Millet and Lafuma Outdoor, thus returning the company to the founding family, the companies said in a joint media release.
With the sale of the Millet Mountain Group, the Calida Group has reached another milestone in the implementation of its Accelerate 2026 strategy. The Calida Group is focusing on the core areas of underwear and lingerie with the established brands Calida, Aubade and Erlich Textil, and on outdoor furniture with Lafuma Mobilier.
The Calida Group has completed the sale of the Millet Mountain Group to Jean-Pierre Millet and Inspiring Sport Capital as scheduled on April 20, 2022. Jean-Pierre Millet, investor and grandson of the founder of Millet, together with Inspiring Sport Capital, a private equity company specialised in the sports industry, have taken over the Group.#
In addition to the organic growth of the four brands, the Calida Group also intends to accelerate business development through targeted acquisitions. The proceeds from the sale of the Millet Mountain Group are to be used in particular for acquisitions in the underwear and lingerie segments.
Fibre2Fashion News Desk (KD)
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