SWITZERLAND: Richemont silent on Chloe sale plan
Swiss luxury goods company Richemont has declined to comment on reports it is looking for potential buyers for its Chloe fashion label.
Separately, Richemont has already received a non-binding offer for its leather accessories brand Lancel from private equity firm Change Capital, according to a Reuters report.
Private equity firm Apax and Fung Brands were also among parties interested in Lancel last month after sending information on the label but did not make any bids.
Asked about Chloe, a spokesperson for Richemont, which also owns the Alfred Dunhill and Net-a-Porter businesses, today (18 October) said it does not comment on rumour or speculation.
The reports come a week after Richemont strongly denied that its Net-a-Porter business was for sale.
In May, the group reported a 30% increase in full-year profit to EUR2bn (US$2.74bn), driven by favourable exchange rates and higher sales. In the same month, Marty Wikstrom resigned as the chief executive officer of its fashion and accessories business.
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