Fauchon opens up it capital to sustain growth
French luxury gourmet company Fauchon has recently confirmed the appointment of Edmond de Rothschild to seek financing options. Current majority shareholder Michel Ducros hopes to raise between 30 and 50 million euros. Over 10 million euros will be allocated to open flagship locations in Tokyo and New York.
Fauchon reported a turnover of 192 million euros in 2013, of which 75% outside France. The group has an extensive presence through franchising in several Asian countries, especially Japan, as well as the Middle East.
Fauchon’s product offering includes fine wines & teas, chocolate, confisserie and gourmet foods and the group also operates cafes.