×
1 263
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Boots st Albans- 22.5 Hours - Permanent
Permanent · St Albans
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Oxford Street London - 15 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - Fenwick - Bracknell - 37.5 Hours - Full-Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
Clinique - Consultant - John Lewis, High Wycombe - 16 Hours - Part Time, Permanent
Permanent · High Wycombe
ESTÉE LAUDER
Clinique - Consultant - Moores, Coleraine - 12 Hours - Part Time, Permanent
Permanent · Coleraine
ESTÉE LAUDER
Clinique - Consultant - Boots, Barnstaple - 7.5 Hours - Part-Time, Permanent
Permanent · Barnstaple
Advertisements
Translated by
Jennifer Braun
Published
Sep 11, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

El Ganso: Cebrian family takes back 100% stake

Translated by
Jennifer Braun
Published
Sep 11, 2018

Three years and they’re gone. L Capital, now L Catterton, had acquired 49% of El Ganso in October 2015, with great ambitions for the Spanish casual chic brand founded in 2004 by brothers Alvaro and Clemente Cebrian. Today, the brand confirms that the family (the brothers and their father, Clemente Cebrian Ara), have fully repurchased all of L Catterton shares, through the family holding firm, Acturus Capital.


Cebrian family takes back 100% stake. - El Ganso


The firm now once again controls 100% of the shares of the company, according to Spanish media ModaEs. Considered a new tidbit of "accessible luxury", El Ganso initially attracted L Capital, which had previously completed a solid transaction with SMCP.

"The success of its international debut, especially in some of the world's most complicated cities like Paris, London and Milan, coupled with our international experience in the fashion industry, allows us to envision a very bright future for the brand and a high future growth", explained the group linked to LVMH, at the same. 

But the results of the Spanish brand have apparently not convinced the private equity fund, which usually keeps its holdings for five to seven years.
 
As planned in the initial agreement, El Ganso significantly expanded its store network. From some 120 points of sales at the end of 2015, its store network hit the 200 mark in 2018. But following its first year, which saw a high turnover, its activity capped last year.

Sales, which were 70 million in 2015, had reached 82 million in 2016 (when management initially announced the target of 90 million) and fell to 81 million last year. A gap, coupled with complicated operating results, could explain the departure of L Catterton. Still, neither the brand nor the fund has yet responded to requests for comment, while the repurchase amount of the agreement remains unknown. 
 
Finally, it remains to be seen how the Cebrian family intends to manage the future of the brand, now that it is free to make all the decisions. 

Copyright © 2021 FashionNetwork.com All rights reserved.