History of Ownership
Jil Sander AG went public in 1989 and was sold to shareholders on the Frankfurt stock exchange. Jil's fashion house was among the first to venture on such a step.
In 1999 Prada Group bought a 75% share in the company. Ms. Sander remained creative designer and became chairwoman in the new joint venture. Six months later, Ms. Sander left the company. In the early 2000s, the company was not profitable, requiring the ongoing investment of additional Prada Group funds.
In late February 2006, Prada Group sold Jil Sander AG to London-based British private equity firm, Change Capital Partners (CCP), for an estimated $120 million. Prada CEO Bertelli said: "As we focus on the development of the Prada and Miu Miu brands, I am certain that Change Capital Partners will be able to provide the necessary investment to further grow the Jil Sander business." Raf Simons remained creative director at Jil Sander. It was said that the success of his latest women's collection for the house was the ultimate trigger for CCP to invest.
In September 2008, the Jil Sander brand was purchased by Onward Holdings Co. Ltd, a Japanese multi-brand fashion conglomerate, and its European subsidiary GIBO Co. SpA for about US $244 mio.
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