French ready-to-wear brand Paule Ka is to accelerate its international expansion after private equity firm Change Capital Partners took a 70% stake in the business.
The Cajfinger family, which launched the brand, still own around 30% of the brand and Serge Cajfinger will remain creative designer and president, and Antoine Bing will stay on as deputy managing director.
In a statement, the companies said: “The growth plan for the business will extend Paule Ka’s position in the affordable luxury space internationally, responding to the continued demand for the brand by opening new stores, and building upon the strong wholesale positions in key European countries and other markets to realize the business’s full international potential.”
Paule Ka is sold in 414 outlets worldwide including own stores, stockists and franchises.
Change Capital also owns German womenswear brand Hallhuber and in the past has held stakes in young fashion chain Republic.