Sézane’s shareholding structure could change before end of 2024

French label Sézane is likely to see a change in its shareholding structure, less than two years after a first funding round in which Thétys Invest, the Bettencourt Meyers family’s investment fund, bought a stake in the label.

The news was reported by investigative reporting site L’Informé, which suggested that General Atlantic “is currently assessing the market with a view to selling part of its shares.” The US investment fund has held a stake in Sézane since 2018, and is said to currently own a 35% share in the label founded in 2013 by Morgane Sézalory. The latter, still the label’s majority shareholder, sold a stake of approximately 10% to Thétys Invest in 2022. The label remains close-mouthed about its financial results and shareholding structure.

L’Informé said that Thétys Invest “might grow its stake,” via an operation that could be completed by the end of 2024.

Sézane is a profitable B-Corp-certified company which generates over 80% of its sales online. It has not disclosed its revenue for several years, but claims to have been growing robustly. When Téthys Invest bought its stake in Sézane, French business daily Les Échos indicated that the label’s revenue in fiscal 2021 was €250 million.

Sézane currently operates some 20 monobrand stores, some of them long-standing pop-up shops like those in Milan, Zurich, Austin and Washington, and has also launched a menswear label, Octobre. L’Informé indicated that the label’s revenue might be close to €500 million, and its company valuation could be just shy of €1 billion.