Chimera and Haeres form joint venture for fashion and lifestyle investments

The investment companies Chimera Abu Dhabi and Haeres Capital will join forces in the future to become more involved in the fashion and lifestyle sector. On Tuesday, Chimera announced the formation of the ChimHaeres Investment Holding joint venture. The aim of the joint venture is to take over and build up European luxury and lifestyle brands, according to a statement. The focus is initially on companies from Italy, France, Great Britain and Switzerland.

Philippe Camperio, founder of Haeres Capital, has been appointed CEO of ChimHaeres. According to the company, he is supported by well-known experts from the fashion industry such as Antonella di Pietro, Alberto Nathanson, Giacomo Santucci and Jérôme Macario. The operative business of the company registered in Abu Dhabi is conducted from locations in Milan and Geneva.

ChimHaeres has already secured the first traditional brands. According to a statement, Haeres Capital has transferred its majority stake in the Italian milliner Borsalino to the joint venture. In addition, ChimHaeres took over all shares in the French haute couture house Vionnet and the majority in the Italian automobile designer Zagato. The acquisition of a majority stake in the Swiss legwear specialist Fogal has already been agreed.

The joint venture is also looking for investment opportunities in other “strong, ambitious brands” in order to accelerate their growth with “a focus on international expansion, digital transformation and sustainability”.

“ChimHaeres embodies the shared vision of Chimera and Haeres to build and lead a multi-brand platform in the luxury and lifestyle sector,” said CEO Camperio in a statement. The joint venture will “invest in unique European assets” and “follow a proactive management and ownership course” to implement the long-term strategies of each portfolio company with the help of industry experts, Camperio explained.

ttn-12