Jacquemus has confirmed it is seeking a minority investor to fund its ongoing retail growth and expansion into beauty. A spokeswoman for the French fashion house said it was looking for additional funds for its next phase of store openings in 2025 and 2026, and to help it explore the new category
Founder Simon Porte Jacquemus told the French daily Le Figaro in an interview published on Wednesday that the time had come to find external funds for expansion in the U.S., Asia and Europe. “I value my independence, I want to pass the business on to my children, but I need to break the glass ceiling by finding the right partner who will remain a minority shareholder,” he was quoted as saying.
Jacquemus has leased 33 New Bond Street from London art gallery Richard Green, which acquired the freehold of the property in 1995 and hired George Saumarez Smith of Adam Architecture to redo the neo-Classical facade, complete with a sculpted relief by Alexander Stoddart depicting the last voyage and death of Odysseus. In February 2025, Jacquemus will also open a new store in Los Angeles.
Jacquemus has again worked with Dutch architect Rem Koolhaas’ OMA agency on the interior design of the store, which will span 3,445 square feet of selling space and will be the first to feature a dedicated floor for menswear, located on the first floor. The ground floor will feature accessories, with womenswear on the second floor and a 538-square-foot VIP salon on the third. The boutique, featuring art works and furniture curated by the designer, will be open seven days a week.
“I feel extremely proud to be able, independently, to have opened boutiques in Paris, Saint-Tropez, Courchevel, Dubai, New York and now London. It’s a very special moment for the brand and its growth,” Jacquemus said in a statement. Known for staging cinematic runway displays in spectacular locations including a lavender field, a salt mine and the Palace of Versailles, the brand posted revenues of 270 million euros in 2023, the spokeswoman said.
Simon Porte Jacquemus has been managing both creative director and chief executive officer roles since the departure last December of Bastien Daguzan, but the search for a new CEO is said to be ongoing. Daguzan said in 2022 that Jacquemus had a medium-target of 500 million euros in revenues by 2025, thanks to soaring sales of Chiquito handbags and Artichaut bucket hats, but that target now appears unrealistic.
Simon Porte Jacquemus
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