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Report: Carlyle Group looking to sell lingerie chain Hunkemöller

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Report: Carlyle Group looking to sell lingerie chain Hunkemöller

Carlyle Group LP has put Dutch lingerie chain Hunkemöller up for sale just a year after the investment firm bought it, according to a Retail Detail report citing Belgian newspaper De Tijd.

Carlyle hopes the sale will fetch €600 million, which would generate a profit of €100 million to 200 million for the firm, the report said.

Carlyle acquired the lingerie brand from French private equity firm PAI Partners for an undisclosed consideration, with insiders claiming the deal to be for about €400 million to 500 million according to Retail Detail.

Carlyle's move will be Hunkemöller's second sale since 2010, when PAI Partners bought it from Dutch retail group Maxeda for €265 million, the report said.

Hunkemöller runs 775 stores in over 25 countries, with plans to have at least 1,300 stores by 2020. Its first Swiss stores are scheduled to be opened by the end of October, the report said.