French fashion label Isabel Marant may soon change hands, reports Bloomberg, citing anonymous sources.
French investment firm Montefiore Investments is considering selling its majority stake in the French fashion house, according to the report. FashionUnited has reached out to Montefiore Investments for comment but has not yet received a response.
According to the report, Montefiore Investment has commissioned the bank JPMorgan Chase & Co. to examine how an exit from Isabel Marant could take place. Montefiore acquired a controlling stake of 51 percent in 2016. At the time it was not known how much Montefiore paid for the stake.
According to information from Bloomberg, the company value of Isabel Marant could reach 1 billion euros in a takeover.
This translated post previously appeared on FashionUnited.nl.
