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Centricus invests in Chalayan

Centricus has completed the acquisition of a 20 per cent stake in Chalayan, a luxury fashion label which has a strong following within the film and music industries including Rihanna, Lady Gaga, Jennifer Lopez and numerous other leading artists.

The investment is Centricus’ first in the fashion industry, and sees the firm launch a fourth investment vertical – fashion, entertainment, media and sports (FEMS) – to sit alongside existing portfolios in financial services, technology and infrastructure.     
 
Hussein Chalayan is known as fashion’s storyteller, his multi-disciplinary approach bridging the gap between design, art and technology. From his future-gazing influential approach to his thought provoking and utterly unique pieces, Chalayan continues to offer the discerning consumer iconic collections.
 
His collections are known for innovative design, impeccable tailoring, drapery and an elegant minimalist aesthetic playing with the narratives constructed around culture and anthropology. He uses techniques that reference past skills and crafts combined with current technology, whilst exploring shapes and details that critique fragmentations and dislocations in contemporary environments. Chalayan designs, promotes and sells Women’s ready-to-wear, Pre and Show Collection and Menswear (see Notes to Editors for further information).
 
Working in partnership with the management team, Centricus will support Chalayan’s expansion, with a particular focus on entering the Chinese market and harnessing technologies to drive sales growth. Mehves Ariburnu, Founder of contemporary art Gallery MANA and Member of Tate acquisition committee, who is also a former banker, will be appointed CEO of the Chalayan Group.
 
Commenting on the deal, Centricus co-founder Dalinc Ariburnu, says: “We are thrilled to be entering the fashion industry with an investment in such a prestigious brand. With Centricus’ backing, Chalayan will have access to the management expertise and capital strength to support its geographic expansion and technological development.”
 
Hussein Chalayan says: “I am truly excited and honoured to be entering this new journey with Centricus, who will help us grow and reach new markets in innovative ways. The Centricus team have an out of the box approach very much aligned with Chalayan brand values. I very much look forward to starting this new venture.”

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