Apparently Balmain are looking to sell up. Estimates value the company at around 300-400 million Euro, with their annual turn over at 30 million Euro. Frankly, I'm quite surprised, as I thought both would be considerably higher.
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Balmain seeking buyer
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Yeah, I've read before that their turnover is 30 mil. 10x the annual revenue seems ok, no?Fashion is a form of ugliness so intolerable that we have to alter it every six months - Oscar Wilde
StyleZeitgeist Magazine
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Originally posted by Faust View PostYeah, I've read before that their turnover is 30 mil. 10x the annual revenue seems ok, no?
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Yes I agree i was shocked, I know Rick turns over more than five times that amount. Maybe Balmain licensed alot of things, i mean seriously alot of hair salons use their sea salt spray. I don't know the brand well but its still shockingly low considering the Kim Kanye connection..
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Figures in the original article are seemingly out of date, according to another older article on BOF:
The challenge now facing Diemoz, is converting the impact of Rousteing’s trailblazing use of social media platforms into commercial success. The Balmain business is, still, relatively small, with revenue of over €30 million in 2012, growing about 20 percent per year. What’s more, it was only a decade ago, in 2004, that the house faced bankruptcy.
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It makes sense. They've never made an it bag and their product assortment is rather narrow and repetitive. How many $1500 pairs of jeans can they sell?Fashion is a form of ugliness so intolerable that we have to alter it every six months - Oscar Wilde
StyleZeitgeist Magazine
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