298
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Translated by
Barbara Santamaria
Published
Jul 3, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

BC Partners acquires Nicole Fashion Group through Pronovias

Translated by
Barbara Santamaria
Published
Jul 3, 2018

More changes are underway at Pronovias following the recent appointment of four new executive roles to boost its international expansion. Private equity firm BC Partners reached an agreement to buy Nicole Fashion Group, a leading bridalwear company in Italy, through Pronovias on 2 July. The transaction represents a step forward for the Spanish group as it strengthens its position in the European bridalwear sector.


Nicole


According to Pronovias, the acquisition will allow it to “reinforce its leadership in Europe and its brand portfolio, as well as generate new opportunities worldwide”. In the highly fragmented bridalwear market, they key to success is to be the unrivalled market leader and to team up with rivals to gain market share. The partnership will see both companies benefit from their synergies, and reinforce their respective product innovation and branding, said Pronovias in a statement.

Nicole, founded in 1996 in Saluzzo, Italy by Carlo Marco Cavallo and Alessandra Rinaudo, is a bridalwear and occasionwear manufacturer and distributor, with a portfolio of brands including Nicole, Alessandra Rinaudo and Colet. Currently, the group operates 5 directly owned stores in Italy, distributes in over 40 countries and employs more than 110 people. Its CEO Carlo Marco Cavallo has indicated that this partnership “represents a unique opportunity to accelerate the international growth" of Nicole. He and Alessandra Rinaudo will both join the management and product innovation teams of Pronovias, according to CEO Amandine Ohayon.

BC Partners acquired Pronovias last year in a deal that reached 550 million euros. Currently, only 10% of the company is still retained by its founder Alberto Palatchi and other members of its senior management team. The acquisition of Nicole could be the first of many strategic investments to drive growth at the Spanish company, which is closing in on the US market.

Currently, Pronovias has a presence in 90 countries with 45 standalone stores and 3,800 multi-brand locations. Its owner BC Partners is a private equity firm with over 17bn euros of assets under management.

Copyright © 2024 FashionNetwork.com All rights reserved.