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A.P.C. Said to Sell a 14 Percent Stake

With its ever-expanding empire of Parisian-tailored goods growing at a substantial pace (to the tune of $47.3 million in sales revenue from 2011), WWD is reporting that A.P.C. has recently cinched a deal with French investment fund Audacia effectively selling off a 14 percent stake of its company. Although specific details are scarce at this juncture, founder and owner Jean Touitou was quoted by the daily Le Figaro saying that the decision will free up capital to fund new brick & mortar store openings that the label looks to expand in New York, Milan, Berlin and Paris.

Source: WWD

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