71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
Translated by
Nicola Mira
Published
Apr 27, 2018
Download
Download the article
Print
Text size

Bimba y Lola: Permira the most likely buyer?

Translated by
Nicola Mira
Published
Apr 27, 2018

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. Martenswhich 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 © 2024 FashionNetwork.com All rights reserved.