AFP
Nicola Mira
Feb 27, 2019
Investment firm Eurazeo acquires stake in US high-end sport brand distributor Bandier
AFP
Nicola Mira
Feb 27, 2019
On Wednesday, investment firm Eurazeo announced the acquisition of a minority stake in Bandier, a US multibrand distributor of luxury sport apparel, for $25 million (about €21 million).
"Bandier is at the forefront in sport apparel, and has everything it takes to gain significant market share in this fast-growing sector,” said Jill Granoff, the head of Eurazeo Brands, cited in a press release.
Bandier was founded in 2014 and operates seven stores in New York and other key US cities. Eurazeo indicated that Bandier’s e-sales account for about half of its revenue. Bandier is followed by nearly 300,000 sport aficionados and also operates New York fitness club Studio B.
This is the third investment made by Eurazeo Brands, Eurazeo’s division focusing on high-potential labels. The group plans to invest up to $800 million in US and European consumer companies exploiting a wide range of brands across a variety of sectors, among them beauty, fashion, interiors, wellness, food and the leisure industry.
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