Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Hallhuber bought by private equity house Change Capital

Hallhuber, the German womenswear retailer, has been acquired by Change Capital Partners in a €29m (£25m) deal.

The acquisition is the first in almost three years for the private equity firm, which is run by former Marks & Spencer chief executive Roger Holmes and former M&S chairman Luc Vandevelde.

Change Capital bought the retail chain from Italian firm Stefanel. Hallhuber operates 89 stores across Germany and a handful in Austria, the Netherlands and Switzerland. Hallhuber saw a 13% increase in sales in the first half of 2009.

Change Capital told the Financial Times that it aims to repeat the successful formula that it used to turn around the fortunes of Jil Sander, which it acquired from Prada in 2006 and sold to Onward of Japan two years later at a three-fold profit.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.