CALIDA GROUP successfully completes sale of MILLET MOUNTAIN GROUP
CALIDA GROUP press release
ad hoc announcement pursuant to article 53 LR
Sursee (Switzerland), 21 April 2022
The CALIDA GROUP has completed the sale of the MILLET MOUNTAIN GROUP to Jean-Pierre Millet and Inspiring Sport Capital as scheduled on April 20, 2022. Jean-Pierre Millet, investor and grandson of the founder of MILLET, together with Inspiring Sport Capital, a private equity company specialized in the sports industry, take over the MILLET MOUNTAIN GROUP with the brands MILLET and LAFUMA OUTDOOR, and return the company to the founding family.
With the sale of the MILLET MOUNTAIN GROUP, the CALIDA GROUP has reached another important milestone in the implementation of their ACCELERATE 2026 strategy. The CALIDA GROUP is focusing on the core areas of underwear and lingerie with the established brands CALIDA, AUBADE and erlich textil, and on outdoor furniture with LAFUMA MOBILIER. In addition to the organic growth of the four brands, the CALIDA GROUP also intends to accelerate business development through targeted acquisitions. The proceeds from the sale of the MILLET MOUNTAIN GROUP are to be used in particular for acquisitions in the underwear and lingerie segments.
For further information, please contact:
Calida Holding AG
Sacha Gerber, CFO