×
480
Fashion Jobs
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
TOO FACED
Business Manager - Boots, Brent Cross
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
TOO FACED
Business Manager Tamworth Ventura RP, UK
Permanent ·
Advertisements

Bimba y Lola: Permira the most likely buyer?

Translated by
Nicola Mira
Published
today Apr 27, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Investment fund Permira is reportedly considering the acquisition of Spanish women’s ready-to-wear label Bimba y Lola. According to Spanish newspaper El Confidencial, the investment fund - notably the owner of Dr. Martens - which sold its stake in Spanish retail group Cortefiel last July, has put forward an acquisition tender in the region of €400 million. El Confidencial reported that Permira’s offer is slightly higher than that made by the Carlyle investment fund, another potential buyer.


A Bimba y Lola visual - Instagram


Tasked with finding a new owner for Bimba y Lola, investment bank Morgan Stanley began to approach international private equity firms last February. 

According to the Spanish press, the accessible luxury label is keen to attract investors such as Bain Capital, PAI, Permira, CVC, Carlyle and TowerBrook, offering them a 70% stake in the company, notably with the condition that Bimba y Lola founders María and Uxía Domínguez will remain on board.

Should the deal go through, the operation would value Bimba y Lola at €450 million, a figure regarded as too high by Morgan Stanley, wrote El Confidencial.

Nevertheless, the label needs finance to support its expansion. In the last few years, Bimba y Lola grew at a faster clip, notably outside Spain, though its international business still reportedly accounts for 26% of sales only.

The label operates 222 retail outlets altogether in about 20 countries, between department store concessions and monobrand stores.

In the 2016/2017 financial year, Bimba y Lola reported a revenue of €152.4 million, up 31.7%.

Copyright © 2019 FashionNetwork.com All rights reserved.