Announced
Completed
Financials
Sources
Tags
Acquisition
Apparel Retailers
Completed
Italy
clothing
Single Bidder
Majority
Private Equity
Friendly
online retailer
Cross Border
Private
Synopsis
Alsara Investment, a Swiss investment company, completed the acquisition of a majority stake in Khrisjoy, an online retailer of fashion brands, for $30m. Established in 2017 and renowned for its iconic puffer jacket Kris, the brand has extended its collections to ready-to-wear and has recently made its debut in menswear. Production is Made-in-Italy and distribution takes place wolrdwide in over 200 selected multi-brand stores of the caliber of Selfridges, Harrods, Lane Crawford and Antonia.
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