Simon Porte Jacquemus inaugurates his first boutique in New York on Oct. 18, 2024
Jacquemus has retained Rothschild & Co to help it find a minority investor willing to finance its ambitious store opening plans and expensive celebrity-peppered shows and events, several senior industry sources with first-hand knowledge of the matter said.
Until last year, Jacquemus was regarded as one of France’s most prominent success stories. It’s been hit by the luxury spending downturn, particularly online, where it makes a significant proportion of its sales. Turnover this year is expected to be down 15-20 percent, industry insiders say.
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