Is Isabel Marant eyeing expansion plans? The Parisian designer, who's known for her Dicker boots, sneaker wedges, and a big 2013 H&M collab, is reportedly in preliminary talks with private equity firm Eurazeo to sell off a controlling stake, Reuters reports.
The deal is still in its infancy, but a source tells Reuters that Isabel Marant wants to raise funds to widen the ranges of products it offers, including leather goods. The brand, which is said to bring in approximately $216 million in annual sales, is also reportedly interested in raising its profile globally. Eurazeo's fashion portfolio includes Moncler,Desigual, and Vestaire Collective.
Isabel Marant's been adding to its portfolio of stores this year, adding Hong Kong and San Francisco. Racked NY just reported this week that Marant is opening her second New York City store on Madison Avenue in the first few months of 2016.
This news would be an about face from what the designer's said previously about growth and investors. "I’m very happy about being independent, being sold in the nicest department stores all over the world," she told WWD back in April. "But my aim with my label is not to be on all the corners. I would like to keep a certain confidentiality even if it’s not, really. I think when things become too much it becomes a bit disgusting." She also told WWD when asked about taking on a major investor: "It’s not our next step for sure...I’m not saying no because I never know what’s going to happen."