M9reno Posted March 3, 2014 Share #1  Posted March 3, 2014 Advertisement (gone after registration) Blackstone has acquired a minority position in Versace. I don't think this has yet been picked up on this forum.  See: Fashion house Versace sells stake to Blackstone to fund growth | Reuters  Blackstone doubtless has its fingers in many other companies, but the statement that Versace "lacked the cash to expand rapidly in fast-growing markets abroad" rings a bell, doesn't it? Link to post Share on other sites More sharing options...
earleygallery Posted March 3, 2014 Share #2 Â Posted March 3, 2014 There's no reason to link this to Leica, as you say they will have many investments. Â However when investors or management consultants think they've found a clever solution for a company they will often try to apply the same solution to other similar companies, so yes, it does ring a bell! Â Unfortunately - from a photographers point of view - it's another indicator of the direction that Leica seem to be heading, similar to the Hermes days. Of course if it works this time, Leica and Blackstone will be happy, which is really all that matters. Link to post Share on other sites More sharing options...
UliWer Posted March 3, 2014 Share #3  Posted March 3, 2014 Does this indicate as well any direction that Leica seems to be heading?  Bekleidung - Jack Wolfskin Online Shop   (Jack Wolfskin has a major investment by Blackstone) Link to post Share on other sites More sharing options...
M9reno Posted March 3, 2014 Author Share #4 Â Posted March 3, 2014 Well, check it out: Â Germany's Jack Wolfskin plans growth for UK Â Jack Wolfskin has gone for an aggressive expansion of its stand-alone boutique outlets, much like Leica is doing now. Â Versace, while a family-run company, was having to close stand-alone outlets. Its new agenda with Blackstone's help is (surprise!) nearly to double the current number of Versace boutiques, in places like Turkey, Japan and Korea. Â I'm sure we are bound to see many more Leica Store openings around the world. This is in itself a market-capturing strategy, has the benefit of speed, and is largely independent of technological development. Blackstone's influence seems at a glance to be focused on: marketing, marketing, marketing. Link to post Share on other sites More sharing options...
rramesh Posted March 7, 2014 Share #5 Â Posted March 7, 2014 The Blackstone Group like many PE investment houses (e.g. KKR), acquire stakes in many companies over time. Like others they are always looking for multiples in growth and profitable exits. Â As a key stakeholder, they do advise on growth strategies, divestment strategies and M&A strategies. Obviously if there are synergies within their investment portfolio, it would be advantageous for them. Link to post Share on other sites More sharing options...
sblitz Posted March 9, 2014 Share #6 Â Posted March 9, 2014 And after 8 years they will be looking for a bid to take them out of their stake Link to post Share on other sites More sharing options...
Paul J Posted March 9, 2014 Share #7 Â Posted March 9, 2014 Advertisement (gone after registration) That is a Ltd Edition that I can bet won't be too popular. Link to post Share on other sites More sharing options...
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