The French premium fashion company has landed in the country with two concessions in Spanish department store El Corte Inglés.
The Kooples raises its expansion in the South of Europe. The French premium fashion company has landed in Portugal with two concessions in Spanish department stores El Corte Inglés in Lisbon and Porto.
These will be the company’s first points of sale in the country. The Kooples has worked with El Corte Inglés before in Spain, where it operates shop-in-shops in cities like Barcelona, Madrid and Malaga.
The French premium fashion company was acquired this year by Swiss holding Maus Frères, also owner of Lacoste. When the group acquired the company stated that it wanted to boost its internationalization.
The Kooples was acquired by Swiss holding Maus Frères last May
The swiss holding, owner also of Gant and Aigle acquired a majority stake in the company for an amount that was not disclosed. The Kooples signed last April a new chief executive officer, with the goal of leading the company’s new phase to increase its internationalization and boost its growth.
Until the acquisition by Maus Frères, the company was owned by founding family Elicha, who controlled 80% of the shares, while the remaining 20% was owned by LBO France fund. The company is present in 14 markets worldwide and ended its fiscal year 2018 with a revenue of 227 million euros.
In the last couple of months some other companies have chosen Portugal to reinforce its business. North Sails, for example, plans to land in the country next year, while Irish fashion retailer Primark opened in October its largest Portuguese store. Another of the brands that landed in the country is Hackers, that opened a store in Lisbon.