Constantly oscillating between luxury and fashion codes, Jacquemus recently took a new step forward by creating its holding company, La Maison Mère. This approach has been adopted mainly by large luxury groups until now. This change of scale should serve its international ambitions as well as reassure at a time when sales seem to be stalling.
“Jacquemus is entering adolescence.”
The words of Simon Porte Jacquemus, the founder of the eponymous fashion house, with his disarming naturalness, at the opening of his first store across the Atlantic last October, have never been more relevant.
No sooner had the southern-style fashion house strengthened its governance with a new CEO, Sarah Benady, and unveiled L’Oréal as a partner and minority shareholder last February, than it announced that it was restructuring its organization.
Now it’s time for La Maison Mère, its holding company, which now includes the fashion business and the fledgling beauty business. This new entity gives rise to an initial valuation of the fashion company.
A valuation of half a billion
According to data consulted by Fashion United, Jacquemus is valued at half a billion euros. The new holding company will enable Jacquemus to manage its flagship businesses, namely Jacquemus La Mode, its core business valued at €530 million, and Jacquemus La Beauté, its up-and-coming driving force, valued at €46.1 million.
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Read also > Sarah Benady, future CEO of Jacquemus
Featured photo: © Jacquemus
