Paris, France July 9, 2015 – The Silverfern Group, a leader in active global direct investment, today announced that it has co-invested in the acquisition of IKKS, one of the leading French ready-to-wear brands with a unique position in the “casual chic”segment, alongside LBO France and IKKS founder Roger Zannier, who retained a 30% stake in the Company.
Following completion of the investment, Silverfern Co-Managing Partner Reeta Kapani Holmes said: “Silverfern is pleased to partner with LBO France and Roger Zannier in the acquisition of IKKS, which has achieved substantial scale across multiple brands. We believe the IKKS team has a strong growth strategy and we look forward to actively contributing to this investment through our board representation and through leveraging the resources of the Silverfern Advisory Board.”
IKKS is a leading provider of premium and affordable luxury apparel pieces for women, children, and men through the IKKS Women, IKKS Junior, IKKS Men, One Step, X and O, and I.Code brand names, offering creative and contemporary collections.
In 2014, the IKKS group’s sales exceeded 300 million euros, of which roughly 20% was generated outside of France. IKKS is already present in Benelux, in Spain and in the Middle East and has recently opened points of sales in Germany. The group covers all distribution channels including a wide retail network of 526 boutiques, primarily located in prime areas in city centers, 218 department store corners as well as wholesale distribution and an online shop.