Jacquemus' New Holdings Company Is Worth More Than $500 Million USD
Chaired by Simon Porte Jacquemus himself, the Paris-based entity houses both the company’s ready-to-wear and beauty brands.
Summary
- Jacquemus has established its own holdings company titled Jacquemus La Maison Mère.
- The entity holds Jacquemus La Mode (ready-to-wear) and Jacquemus La Beauté (beauty).
- The company is valued at €576.1 million EUR.
After inking a boat shoe collab with Timberland, dropping a banana-filled campaign with Jon Gries, opening up new boutiques across New York, London, and Los Angeles, and venturing into beauty with L’Oréal, Jacquemus is taking all of its business matters in-house with its very own holdings company, Jacquemus La Maison Mère.
Established in March and chaired by designer Simon Porte Jacquemus, the Paris-based company presently operates two branches: Jacquemus La Mode, or the label’s ready-to-wear business valued at €530 million EUR, and Jacquemus La Beauté, or the brand’s beauty line valued at €46.1 million EUR, per Fashion Network. The entity holds 98.15% of the former and 100% of the latter, which, together, are valued at €576.1 million EUR.
Jacquemus entered its exclusive beauty partnership with L’Oréal in February, at which time the French cosmetics conglomerate announced it had acquired a 10% minority stake in the company to support “its independent development.” The following month, Jacquemus appointed Sarah Benady, previously president of Celine North America, as its new chief executive officer to lead the company toward “[becoming] a leading global luxury house.”
