L Capital acquires 49 percent of El Ganso

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LVMH-backed investment fund L Capital has bought a 49 percent stake in Spanish label El Ganso, as agreed by the fashion brand’s family owners.

The acquisition aims to “consolidate the leadership of the company in Spain and continue the international expansion plan”, according a statement, which the brand has already implemented by opening stores in Europe, Latin America, the US and Asia.

By the end of 2015, El Ganso will have a total of 120 stores across the world employing over 600 people, with net revenues set to exceed 70m Euros by December 31.