Monnier Frères has been acquired by Groupe Louis Delhaize
The private shareholders of Monnier Frères, an internet retailer of high-end fashion accessories and handbags for women, have sold 80% of the company to Groupe Louis Delhaize, a retail group based in Belgium, who will retain an option to buy the remaining shares still owned by the founders. This transaction has been valued in US$12.5 million.
Louis Delhaize Group operates food supermarkets and hypermarkets in Belgium, France, Luxembourg, Romania and Hungary. The company was established in 1850 by Louis Delhaize.
Oaklins' team in France raised capital for Monnier Frères from Jaïna Capital (the investment fund of Meetic founder Marc Simoncini) in 2010 and was mandated in 2012 to sell the company.
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