French investment company Eurazeo is providing a €285 million capital increase for Spanish fashion brand Desigual in exchange for 10% of the share capital.

With this financial investment, Eurazeo wants to support Desigual’s further international expansion, innovation and the multi-channel distribution of the brand. Especially Eurazeo’s expertise in the Latin American and Japanese territories shall help to develop new markets for the Desigual brand.
Furthermore, new product categories shall be strengthened and Desigual’s logistic centers in Gavá and Viladecans (Spain) ought to be developed.

Desigual will extend its current board of directors by two Eurazeo members as well as further independent councilors. Their names will be disclosed during the upcoming months.

Moreover, Desigual has appointed Manel Jadraque as the brand’s new CEO, effective March 2014. Jadraque joined Desigual in 2004 and since then took over different important tasks such as directing the European retail or the international expansion of the brand.  In summer 2012, Jadraque was appointed general manager. Jadraque’s predecessor, ex-CEO Manel Adell, left Desigual in July 2012.

Desigual has also disclosed its business figures for the fiscal year 2013: The brand closed 2013 with a turnover of €828 million (+18% compared to the previous year); the company’s after tax profits rose by 76% compared to the previous year and accounted for 16% of the turnover.
In 2013, Desigual opened 89 new mono-brand stores and sold more than 26 million garments worldwide.

Eurazeo is one of the leading investment companies in Europe, directing assets of nearly five trillion Euros in companies such as Accor, Europcar or Moncler. It is noted at NYSE Euronext Paris. Eurazeo’s investment into Desigual marks its first participation in a Spanish enterprise.