Wolf keeps hold of 40 %
Together with local French
fund Alsace Capital, Gimv is purchasing shares from Cathay Capital, the EPS
fund and CEO Rémy Wolf, although the latter still keeps hold of 40 % of the
company’s shares. Gimv will invest some 18 millioneuro, making it one of the largest
investments of the fund.
Wolf is mainly known for its
larger-sized bras, of which the most well-known brand is Sans Complexe. The
brand is in a growing market as Western woman have ever-increasing breast
sizes. Last year Wolf launched another two brands, one of which is ‘Oups’,
geared towards younger women.
(Translated by Gary Peeters)
