mynth
← DATABASE
03/2017

MAISON FRANCIS KURKDJIAN acquired by LVMH

FRANCE Consumer Products / Personal & Household / Hygiene & Beauty Brands REV 10M - 30M EUR

Context

LVMH acquired a 61% controlling majority stake in Maison Francis Kurkdjian in a highly strategic, friendly transaction designed to accelerate the niche fragrance house's global expansion. The deal was structured via a definitive share purchase agreement under which the French conglomerate bought out the majority position while the remaining 39% of the capital stayed tightly controlled by the founding partners, Marc Chaya and Francis Kurkdjian. The transaction immediately integrates the boutique perfumer into LVMH's institutional infrastructure, granting the brand significant logistical backing, real estate leverage for retail expansion, and enhanced procurement power, while strictly preserving its creative independence, unique brand identity, and standard-setting artisanal quality.

By taking control of Maison Francis Kurkdjian, Lvmh continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Rimowa in 2016.

MAISON FRANCIS KURKDJIAN, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Retail & Consumer market trends

Target

Maison Francis Kurkdjian is an ultra-premium niche French perfume house that blends traditional high-end craftsmanship with a modern aesthetic. Founded in 2009 by world-renowned master perfumer Francis Kurkdjian and former Ernst & Young partner Marc Chaya, the brand pioneered the concept of an "olfactory wardrobe," treating fragrances as fashion statements. Its economic model relies on high-margin, exclusive fragrance collections distributed through an ultra-selective network of standalone boutiques and premium global stockists. The organization operates seven flagship boutiques across major international luxury hubs (including Paris, Taiwan, Malaysia, and Dubai) and maintains a commercial footprint across 40 countries through 500 elite retail doors. Strategically, the firm represents the vanguard of the "new generation" of independent haute parfumerie, a segment experiencing explosive growth as luxury consumers increasingly migrate away from mass-market prestige fragrances toward unique, artisanal creations.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
LOGIN
LOGIN
LOGIN
2016
LOGIN
LOGIN
LOGIN

Similar deals in Retail & Consumer

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
07/2018ARGOS WITYUJURATOYSFRANCEConsumer Products

The successful restructuring of Juratoys' capital has resulted in Argos Wityu becoming the majority shareholder, with an 85% stake in the company. This transaction follows a three-year period during which Juratoys was owned by US-based Alex Brands. The Juratoys management team, led by Ludovic Martin, has retained a 1% stake in the company. Negotiations began at the start of the year and culminated in a closing this month. This deal enables Juratoys to regain its independence and pursue growth, particularly internationally, where it generates 40% of its revenue

04/2017INVESTINDUSTRIALARTSANAITALYConsumer Products

Private equity sponsor Investindustrial, led by Andrea Bonomi, has entered into a binding agreement to acquire a 60% controlling equity stake in Artsana Group. Structured to ensure seamless operational continuity, the founding Catelli family (previously the sole owners of the business) will roll over a significant portion of their equity to retain a 40% minority position. Furthermore, Michele Catelli will remain Chairman of the board, and Claudio De Conto will continue to serve as Chief Executive Officer

02/2017THE CARLYLE GROUPGOLDEN GOOSEITALYConsumer Products

Carlyle acquired a 100% controlling stake in Golden Goose from Ergon Capital Partners and minority investors. The EV represents a massive exit for Ergon, which had purchased the company less than 2 years prior (May 2015) for an enterprise value of EUR100m. The rapid valuation increase was driven by the explosive growth of the sneaker market. Carlyle beat out a long list of bidders, including BC Partners, Permira and the Qatari fund Mayhoola.

11/20163I / CATHAY CAPITALHAVEAFRANCEConsumer Products

3i Group, a London‑listed private equity firm, agreed to invest EUR 150 million in Ponroy Santé (now Havea) to acquire a controlling stake in the French natural‑consumer‑health platform, with Cathay Capital Partners taking a minority co‑investment alongside. The transaction is structured as a leveraged buy‑out in which 3i becomes the majority shareholder while the founding shareholder Arnaud Ponroy and CEO Fabrice Cahierc maintain meaningful equity stakes, preserving continuity of management and entrepreneurial alignment

07/2016MONTEFIORE INVESTMENTISABEL MARANTFRANCEConsumer Products

Montefiore Investment has acquired a 51% stake in the Isabel Marant fashion house. Isabel Marant and her long-standing partners, Sophie Duruflé and Nathalie Chemouny, will retain the remaining 49% of the capital, ensuring creative and operational continuity. This "capitalistic partnership" marks the end of the brand's pure self-financing era and the beginning of a structured institutional growth phase. The strategic rationale is focused on accelerating international development and diversifying the brand's product ecosystem into highly profitable categories such as accessories, leather goods (handbags), and menswear

03/2016MAPEDHELLER JOUSTRAFRANCEConsumer Products

Maped's acquisition of Heller Joustra for 1.5 million euros through a court-sanctioned restructuring proceeding at the Argentan commercial court marks a decisive consolidation intended to mitigate back-to-school seasonal concentration by scaling up into the adjacent juvenile creative leisure sector. The transaction follows a severe liquidity crisis under the prior ownership of New York Finance Innovation, where a debt burden matching annualized revenues and acute working capital starvation paralyzed the target's procurement of critical imported components

05/2015APHEON (EX ERGON)GOLDEN GOOSEITALYConsumer Products

Ergon Capital Partners III has acquired a majority stake in Golden Goose srl from Dgpa sgr, Riello Investimenti, and founders. Golden Goose is a fast-growing Italian luxury brand, renowned for its high-end casual apparel and iconic sneakers. The transaction follows months of speculation and marks a significant milestone for the brand's expansion.

04/2015LBO FRANCEIKKS GROUPFRANCEConsumer Products

LBO France entered into exclusive negotiations to acquire a majority stake in IKKS Group from its founder, Roger Zannier. This transaction marks a strategic transition for the apparel group, which had been under the control of the Zannier family since 2000. The deal follows an interrupted auction process from the previous year, which failed to meet valuation expectations amid competition from major international funds and strategic bidders. The current operation was facilitated by a corporate reorganization where the founder consolidated ownership before engaging in direct bilateral discussions with LBO France

12/2014L CATTERTONINTERCOSITALYConsumer Products

Catterton Partners (now L Catterton) has successfully finalized the acquisition of a significant minority stake in the share capital of the target organization. This strategic transaction marks the acquirer's initial entry into the Italian industrial market, specifically targeting the high-expertise cosmetics manufacturing sector. The strategic rationale for the move centers on the group's objective to accelerate the target's international development, with a primary focus on scaling operations in the United States and China

03/2014EURAZEODESIGUALSPAINConsumer Products

The deal involves Eurazeo's acquisition of a 10% stake in Desigual, a global clothing brand, for a total investment of €285 million. The investment is part of Eurazeo's strategy to expand its portfolio of consumer goods companies and to support the growth of Desigual's international business. The deal provides Desigual with the capital and strategic support it needs to continue its expansion plans, while also giving Eurazeo a foothold in the fashion industry. The investment is expected to help Desigual accelerate its growth plans, particularly in Europe and Asia, where the company sees significant opportunities for expansion

REFERENCES

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MAISON FRANCIS KURKDJIAN by LVMH are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: maison francis kurkdjian

Acquirer: lvmh