According to rumors that circulated in July about Pepe Jeans London and Hackett to be put up for sale, selling off operations might be starting in about one week as published by the French newspaper Les Echos.

Four funds are interested in acquiring the two brands: KKR, shaerholder of SMCP; Permira, which owns quotas of Dr. Martens and Hugo Boss; CVC, which since 2005 owns quotas in Cortefiel; and PAI, European fund based in France that owns quotas of Coin Group and Marcolin, among others.

Presently Pepe Jeans and Hackett are owned by Torreal Funds (31%), Artá Capital (16.4%), L Capital (11.5%) and some managers.
From the transaction they expect to earn about €700 million, and an EBITDA of about €60 million registered from last year’sì sales. The two brands are sold in 60 countries, throughout 300 monobrand stores and about 6,000 multibrand stores.

The brands’ owners did not comment on the rumors.