French fashion label Zadig & Voltaire (Z&V) has confirmed that US investment fund TA Associates has taken a 30% stake in the company.

Commenting on the agreement, Zadig & Voltaire founder and controlling shareholder, Thierry Gillier, said TA Associates' expertise with international consumer businesses will help the company further build its brand elsewhere in the US and Asia.

"Our brand still benefits from an exceptional development potential. We look forward to working with TA Associates to continue to develop Zadig & Voltaire worldwide," he said.

Patrick Sader, senior vice president for TA Associates, added: "Zadig & Voltaire's distinctive DNA has commanded a loyal following in the French market for nearly two decades. We are thrilled to have the opportunity to work with Thierry and his team to foster the ongoing growth and success of the company in both existing and new markets."

Sader will join the company's board. Financial details of the investment were not disclosed.

Zadig & Voltaire was founded in 1995 and today operates around 200 boutiques and shop-in-shops in over 20 markets around the world, generating in excess of EUR200m (US$262.7m) in revenues.