Eurazeo invests in Desigual

French investment group Eurazeo has agreed to invest 285 million euros in Spanish label Desigual for a 10 percent stake in the company. The partnership will help the fashion brand fund its European expansion plans, as well as to continue its recent consolidation of its international developments in the US,

Latin America and Japan.

Desigual will also be able to push forward on its strategy to roll-out new product categories, such as

accessories, footwear and household goods. As well as use the share capital to sustain and accelerate the development of Desigual and its retail network and build a state-of-the-art distribution hub the investment group announced.

Virginie Morgon, deputy CEO of Eurazeo, said: "Global brands are a key investment sector for Eurazeo and Desigual is a top performer; we are delighted that Thomas Meyer has chosen Eurazeo to accompany the exceptional development of his company.

“As a partner, we will support him and his management team in accelerating the international expansion of Desigual and establishing it as a world-class brand."

Eurazeo invests 285 million euros in Spanish fashion label Desigual

Manel Jadraque, CEO of Desigual, added: "Desigual is a positive brand with unique products that are affordable and for everyone. Eurazeo fully shares our vision and will be an ambitious and constructive partner to accelerate the development of the company."

The Barcelona-based brand has enjoying exceptional growth with revenues increasing tenfold since 2007 and compound annual growth of 29 percent between 2009 and 2013. In 2013, revenues reached 828 million euros, up 18 percent on 2012.

Desigual was founded in Spain in 1984 by Swiss designer Thomas Meyer, until now the company's sole shareholder. At the end of 2013, Desigual had 405 stores in 109 countries, and operated 2,500 corners in department stores and over 11,000 multi-brand doors around the world.