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Gérard Darel sold to Advent International

French womenswear label Gérard Darel plans to double its turnover after private equity firm Advent International bought a majority stake in the brand for an undisclosed sum.

Gérard Darel intends to double its 40 standalone stores in France and develop its international business.

Gérard Darel sells in 45 countries via 90 standalone stores, 140 department store concessions and 1,200 wholesale stockists.

Sales at Gérard Darel were €158 million (£125m) last year, up 12% from the previous year. More than 30% of turnover comes from international markets .

Gérard Darel chief executive Laurent Gerbi said: "In selecting Advent International as our partner, our group has access not only to the expertise of a renowned global private equity player to advance the company's international development, but also the financial resources to support our ambitious growth strategy. We have great confidence in this collaboration which will enable us to take the brand to its next level."

Readers' comments (1)

  • Will Advent allow us small independant retailers who stock Gerard Darel, reduce the minimum order figure? The euro against the pound is now much stronger, we have to spend more with them than any other label and we dont achieve a good mark now because of the strengh.
    Will they open more stand alone shops in the U.K.?

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