Alain Figaret
 | This article relies largely or entirely on a single source. (November 2019) |
The brand is now called Figaret Paris and is a French luxury shirt brand.
Overview
[edit]The brand is launched in 1968 by Alain Figaret. The first boutique was opened in Biarritz (France), then in 1970 the brand opened a store on rue de Longchamp in Paris under the name of Princeton. The first shop entirely devoted to shirts under the brand Alain Figaret was opened in 1976 on the Rue de la Paix, and is now the brand's flagship store.
In 1992, Fabrice Figaret joins the family business. He first decides to consolidate the business and then to accelerate the development of the brand both in France and overseas. Under his tenure the turnover of the company triples. Figaret becomes one of the few international brands that is vertically integrated, it controls over the entire process from sourcing, production to distribution in its own proprietary retail network.
In 2005, the Groupe EPI takes a majority stake in the brand. The EPI group Descours Family today owns Bonpoint, Piper-Heidsieck et J.M. Weston.
In 2008, the remaining members of the Figaret family sell their shares to the Descours Family.
In 2017, the fund Experienced Capital Partner,[1] specialised in affordable luxury, takes a 70 % stake in the brand. A plan to revive the brand is implemented.
References
[edit]- ^ FR, FashionNetwork com. "Alain Figaret repris par le fonds Experienced Capital Partners". FashionNetwork.com (in French). Retrieved 2024-08-12.