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LBO France in exclusive negotiations for IKKS acquisition

LBO France has entered exclusive negotiations with Roger Zannier to acquire IKKS, one of the leading French ready-to-wear brands with a unique position in the “casual chic” segment.

The IKKS Group has a portfolio of three complementary brands – IKKS, One Step and I.Code – offering creative, contemporary and wearable collections.
 
Starting in kids wear and renowned for its high quality, IKKS has successfully diversified into women’s and men’s fashion. The group covers all distribution channels including a wide retail network of 526 boutiques, primarily located in prime areas in city centres, 218 department store corners as well as wholesale distribution and an online shop. 
 
In 2014, the group’s sales exceeded 300 million euros, of which roughly 20% was generated outside of France. IKKS is already present in Benelux, in Spain and in the Middle East and has recently opened points of sales in Germany.
 
Alongside the management team, LBO France would continue to support the group’s growth, notably by accelerating its development in Paris, implementing a significantly strengthened communications programme, as well as supporting international expansion.
 
Zannier says: “I am convinced that if these negotiations are successful, it would allow us to reach a new stage in the success of the IKKS brand and its continued international expansion.”
 
Vincent Briançon, Partner with LBO France, says: “The group, which has seen continued growth, has proven the resilience of its business model and the strength of its unique position in the ‘casual chic’ universe. We are convinced by the potential of the IKKS brand and the quality of its management. We would be delighted to have Roger Zannier present alongside us, as the group could continue to benefit from his remarkable experience and vision.”

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