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Change Capital to offload Jil Sander?

According to reports, private equity firm Change Capital Partners has sounded out potential buyers for its Jil Sander brand.

Change Capital Partners, which was founded by the former Marks & Spencer chairman Luc Vandevelde, bought Jil Sander from Prada in 2006.

WWD.com said that Change Capital was looking for around €200 million (£157.8m) for Jil Sander without citing sources.

However the timing of any sale would be surprising given the current economic climate. Other luxury and designer brands including Roberto Cavalli, Tommy Hilfiger and Prada have delayed their sale or float plans because of the retail slowdown which hit price expectations.

A spokesman for Change Capital declined to comment on speculation.

Jil Sander was founded in Germany in the early 1970s but has had a checkered history. Sander's minimalist styling gained a big following in the 1990s. She sold the company to Prada in 1999 and left shortly afterwards following a clash over strategy with the Prada management.

Following her departure the Jil Sander label lost its way and Prada asked her to return in 2003. Again, she stayed for just 12 months before resigning over differences with Prada.

The label has been designed by Raf Simons since Jil Sander's departure in 2004.

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