L’Officiel and US Partner GEM Group Announce $50 Million Investment Fund. The partners will support global and emerging brands with capital and marketing support.
The French fashion and lifestyle magazine and network of websites, the largest asset of the family-owned Jalou Media Group, is deepening its partnership with US private equity firm Global Emerging Markets (GEM) Group, with which invested $3 million into the company’s US launch earlier this year.
The two entities are announcing the formation of a $50 million investment fund that will support emerging brands across fashion, food, beverages, hotels and resorts with capital and marketing support. The majority of the fund, 75 percent, will target globally listed companies, while the other 25 percent will target private and emerging ones.
See more about the investment fund at Business of Fashion or click HERE.