Men’s plus-size specialist Size-Factory introduces minority shareholder to foster growth
today May 24, 2018
Investment fund Meeschaert Capital Partners has announced it has acquired a stake in Size-Factory, the French apparel retailer specialised in men’s plus sizes. It is the first time that an outside investor holds an interest in the company founded by Ludovic Chevalier and Christian Jourdier. Meeschaert Capital Partners did not disclose the amount of the investment.
Size-Factory was launched in 2011, and currently operates about twenty stores in France. “The fresh capital will allow us to reach a new milestone in our expansion, by opening new stores throughout France,” said Christian Jourdier, President of Size-Factory. With the help of Meeschaert Capital Partners, the multi-brand plus-size retailer is planning to open six new stores per year.
Size-Factory originally launched its business online, and followed this up by opening a series of brick-and-mortar stores. Online sales currently account for a quarter of Size-Factory’s revenue, which in 2016 was worth €10 million.
The retailer is a leader in the plus-size market in France. Its stores are usually located on the outskirts of major cities, and they offer a wide range of labels, from casual to more formal ones, among them Nike, Eden Park, Ralph Lauren, Bruno Saint-Hilaire and Serge Blanco.
Copyright © 2019 FashionNetwork.com All rights reserved.