A partner at Gide Loyrette Nouel says the fashion sector is one of the most popular targets for Chinese investors in France, and these investors can obtain more than brands.
Gide recently advised the Icicle group, a high-end Chinese fashion brand, on its buy-out of the luxury label Carven through its subsidiary in Paris. Gide is now advising the client on the implementation of the offer and take-over of the business.
As part of the deal, Icicle is acquiring Carven’s design house, its remaining four stores in France, and all the employees. The Chinese eco-friendly fashion company based in Shanghai beat out seven other bidders, marking its third major investment in France after opening a design centre in 2013 and acquiring real estate last year for its upcoming flagship store in Paris.