With the buyback of the Millet Mountain Group by Jean-Pierre Millet and Inspiring Sport Capital, a private equity fund specializing in the sports industry and business, from the Calida Group, the traditional French mountain sports company is returning to the hands of the founding Millet family .
In the company founded by his grandparents a hundred years ago, Jean-Pierre Millet will join his nephew Romain Millet, who was appointed General Manager of the Group in 2020. Romain Millet worked for the outdoor brand Lafuma, also part of the group, for eight years before moving into the fashion and luxury industry. Their common goal is to accelerate the growth of the group, notably through investments in innovation, sustainable development and omnichannel distribution.
With this transaction, the family business returns to the bosom of the Millet family, 100 years after it was founded and 50 years after it was sold.
Commenting on the acquisition, Jean-Pierre Millet said: “In the brand’s centenary year and almost 50 years after the company left the family, I am delighted to become the majority shareholder of the Millet Mountain Group together with Inspiring Sport Capital. We will drive the international growth of the two flagship brands for mountain and outdoor sports – Millet and Lafuma.”
The Millet brand, founded a hundred years ago, is one of the best-known outdoor brands in France in the field of mountaineering equipment. She has always worked closely with mountaineering pioneers, including Reinhold Messner.