El Ganso sells stake to L Capital
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Acturus Capital, holding company of El Ganso, has sold a 49 percent stake in the Spanish fashion retailer to the LVMH-backed investment fund L Capital, to help strengthen its international expansion.
The undisclosed investment will allow the Spanish fashion label to “invigorate” the brand and drive growth in international markets, a statement confirmed, as well as help the retailer close its 2015 financial year with 70 million euro turnover, which has grown by 50 percent over the last five years.
El Ganso currently has 90 stores in Spain and 10 international, including four in London in the UK, the plan is to increase that number to more than 120 by the end of 2015. The Madrid-based brand is hoping to build on its prominent presence in France, the UK, Portugal and Mexico, as well as focus on growth across Europe, Latin America, the US and Asia.
Clemente Cebrián Ara, chairman of the Acturus Group said: “The entry of L Capital in the group represents an important support for the management team and for the rest of the employees of the company. In turn, the participation of L Capital will help consolidate the international expansion strategy of the company.”
L Capital invests in El Ganso
L Capital managing director Julio Babecki added: “In spite of being a relatively young company, El Ganso has managed to create its own space with a very differentiated sportswear line for men and women, and an important presence in the Spanish market.
“The success to date of its international expansion, particularly in some of the world ́s most challenging fashion hubs such as Paris, London and Milan, together with our international experience in the fashion industry, will contribute to the promising future for our brand and a high level of growth going forward.”
El Ganso was founded by Clemente Cebrián Ara and his sons Alvaro and Clemente in 2004 and has become known for its affordable fashion collections for men, women and children, as well as footwear and accessories, which are all 100 percent tailored, designed and manufactured in Europe.
L Capital, the investment fund sponsored by LVMH, owns a stake in a number of fashion brands, including Pepe Jeans, Hackett, Sandro, Maje, and Gant USA.
Images: El Ganso