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Sonia Rykiel Considering Sale of Minority Stake

>> The family-owned house Sonia Rykiel may be selling a minority stake in order to speed up its expansion, its president Nathalie Rykiel confirmed. Rykiel has hired Edmond de Rothschild Corporate Finance to explore the possibility.

“I have not taken any decision,” Rykiel noted. “I have only just started analyzing the possibility. I don’t know if it’s something I want to pursue, but I want to develop the brand. It has huge potential, in Asia obviously, but elsewhere also." She added that the brand is capable of continuing development without any outside partners: “I know that I can go much faster and further with outside help, but I am not even at the stage of contemplating whether the partner should be French or international."

Sonia Rykiel posted sales of 89.6 million euros ($118.9 million) in 2010, which were roughly flat compared to the company's 2009 sales, Rykiel said.

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