The Kooples up for sale
The Kooples, the French fashion house controlled by its three founders, brothers Raphael, Laurent and Alexandre Elicha, has been put up for sale, newsletter Before Dinner reported. The unsourced report said that the brothers are considering leaving France for Israel and could sell their business in the process. The report added that investment fund LBO France has also decided to divest its 20% stake in the company.
According to the report, The Kooples could be valued at between EUR 280m and EUR 420m, or 8 to 12 tiles EBITDA. The company generates annual revenues of EUR 150m.
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