Potential sale of Pepe Jeans and Hackett rumored to begin this week

This week could see the start of financial negotiations for the sale of Pepe Jeans Group, which controls labels Pepe Jeans and Hackett London, valued between 700 million euros and 800 million euros.

According to French newspaper,Les Echos, the company's shareholders, which include investment firms Torreal, Artá Capital, L Capital, are set to begin discussions for the sale of the group with the four interested parties. The current management team, which is being led by Carlos Ortega, chief executive officer of the Group, is also understood to have expressed interest in reinvesting in the company.

Bloomberg reported that the four interested parties include private equity firms KKR, which hold a stake in SMCP, owner of Sandro and Maje, Permira, CVC and PAI, of which the last three jointly control the Cortefiel Group.