Background and context
Created more than 50 years ago in Paris, Suitness is a family-owned business specialising in the design and sale of mid- to high-end men’s suits. Since 2006, 75% of these suits have been made in China and the remaining 25% in Europe.
Suitness’s sales currently stand at €8.5 million in a structurally bearish menswear market (down 11% in value since 2008).
It has a 10-person staff.
The company’s customer base currently consists primarily of:
- Department stores
- Prominent chains
- Independent retailers positioned in the mid-/high-end segment
- A factory outlet
In the last 18 months, it has begun to expand this customer base while also establishing a position in e-commerce.
Suitness therefore has strong growth potential due to the proven quality of its business model, its strong reputation among retailers, its experience, its expertise in men’s fashion and its roots in Paris, the fashion capital of the world.
While the company remains family-run, it expects to achieve a 2014 EBITDA/sales ratio of 8.0%, below the level generated at the beginning of the current decade but above the figure reported at end-2013. Its financial position is very sound.
The majority shareholder and founder would like to retire and sell the business.
For more details:
English teaser: Teaser_SUITNESS_EN
French teaser: Teaser_SUITNESS