Luxury giant LVMH has shown interest in acquiring a minority stake in the Spanish fashion brand El Ganso, through its investment fund L Capital. According to sources close to the company surveyed by Bloomberg, L Capital would be in talks to invest in El Ganso, willing to buy a minority stake.
El Ganso captures the attention of L Capital, the investment fund of LVMH
The company founded by brothers Álvaro and Clemente Cebrián in 2004 is experiencing a sweet moment, with over one hundred points of sale in Spain, France, United Kingdom, Mexico, Chile, Portugal and, since early 2015, The Netherlands. In addition to its own stores, El Ganso is present through 'corners' in the Spanish department store chain El Corte Inglés.
According to the latest results reported for fiscal 2013, the parent of El Ganso (Arcturus Capital) revenues of 33.35 million euros, operating profit before 3.49 million and net income 2 2 million, highlighted 'Expansion'.
In an interview with the newspaper 'ABC', the brothers Cebrián explained how their idea came from one of their many trips to London, where they could find a very particular style of fashion at affordable prices.
El Ganso began his adventure outside the Spanish borders in 2011, relying on the European market. "We opened a small shop in Paris, it went very well and tried our luck in other countries such as Britain, Germany or Holland," recalls the co-founder.
Now, brothers Cebrian see it clearer than ever: "The growth is out there."