Pepe Jeans Group valued at € 800 million ?

By

Olivier Guyot

Published
Sep 24, 2014

Over the summer, Bloomberg revealed that Pepe Jeans Group has commissioned Morgan Stanley to find a buyer or buyers.

The group, which owns the brands Pepe Jeans London (about 60% of its business) and Hackett (around 30%) as well as the distribution of Tommy Hilfiger in Spain, is expected to present very attractive numbers.

According to figures from the registry of trade, Pepe Jeans saw a 7% increase in turnover to over 516 million euros for its 2013-14 financial year, which ended in late March. 

Its operating profit rose by nearly 22% to over 52 million euros. It saw its net income increase by 58% to nearly 48 million. 

According to Spanish press, Pepe Jeans is valued at 800 million euros, or ten times its EBITDA. 

The Spanish investment firm Torreal is its largest shareholder with a 31% share in the group. Arta Capital and L Capital also have large stakes, and have a significant presence on its managerial teams.