J Mendel sells majority stake to boost expansion
French fashion house J. Mendel is boosting its expansion with the sale of its majority stake to Stallion, Inc. The new investor joins the existing shareholder Giles Mendel, the creative officer of the label and fifth generation family member, who is retaining a minority stake in the company.
J. Mendel has been undergoing expansion, along with Los Angeles-based private equity firm The Gores Group, growing its retail presence in New York and in London at Harrods, as well as opening two new stores in Seoul.
Besides its retail expansion, J. Mendel diversified into accessories and handbags, enhanced its presence in bridal and expanded its wholesale.