trending Market Intelligence /marketintelligence/en/news-insights/trending/eSA2e43BeMMkFSp9MT5_lQ2 content esgSubNav
In This List

Report: Carlyle Group looking to sell lingerie chain Hunkemöller

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights


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.