Jil Sander Fashion Line Up For Sale Again?
While the Jil Sander fashion line consistently receives raves for cool, minimalist design and is worn by celebrities like Tilda Swinton and Sarah Jessica Parker, it doesn't make a lot of money. That news doesn't seems to sit well with current owners Change Capital Partners. WWD says that numerous sources have let the know that the London-based private equity fund, which bought Jil Sander from Prada back in February 2006, has been quietly testing the waters o see what the company could bring in. The line's Raf Simons recently received the ELLE Fashion Star newcomer award during Mercedes Benz Fashion Week Spring/Summer 2009 in Berlin. Fashion Week Daily also reports that Kanye West is a big fan of Simons' work.Vogue UK reports that Change Capital Partners is looking for offers off around 200 million euros which is believed to be double what they may have bought the company for. This on a company that, for the year ended January 31, announced profits of 6 million euros on sales of 131 million euros.
