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FB Roundup: Rothschild, Espresso House, and Pinault family

Rothschild boast “record year”; Espresso House acquires Balzac Coffee; and Pinault family buy into luxury fashion house.

Rothschild boast “record year”

Advising the Arnault family on its €12 billion ($13.6 billion) Christian Dior acquisition was among the headline deals that led to a 15% jump in global merger and acquisition (M&A) revenue at sixth-generation Rothschild Group.

The significant rise in global M&A revenue to €875m, helped its global advisory unit achieve record performance for the second successive year and powered the 200-year-old family business to annual revenues of €1.77 billion – an 11% increase on 2016.

Rothschild & Co advised the Arnault family on its €12 billion acquisition of Christian Dior minority shareholders, with concurrent advice to Christian Dior on its €6.5 billion disposal of Christian Dior Couture to LVMH.

David de Rothschild, chairman, attributed this success to the business’s “heritage, independent model and focus on hiring the best.”

The report also revealed that De Rothschild was not worried about Brexit’s impact, with the chairman saying “it will not be a significant challenge for our business.”

 

Espresso House acquires Balzac Coffee

Existing management will stay on at Germany’s Balzac Coffee, despite it being acquired by fellow coffee chain Espresso House.

Espresso House, owned by JAB Holdings, the investment vehicle of Germany’s Reimann family, serves 90,000 customers each day across 310 stores. The acquisition will see it grow its empire by 43 stores.

John Nylen, chief executive of Espresso House, said Balzac was considered a leading coffee brand in Germany and there were plans to accelerate growth across the region.

Espresso House last reported its revenue ($110 million) in 2015 when it was bought by JAB.

JAB Holdings is controlled by the second generation of Germany’s Reimann family: Renate Reimann-Haas, Wolfgang Reimann, Stefan Reimann-Andersen, and Matthias Reimann-Andersen.

In 2016 JAB Holdings reported revenues of €1.39 billion ($1.58 billion).

 

Pinault family acquire luxury fashion house

The Pinault family has acquired a minority stake in French fashion house Maison Valli, further expanding its repertoire of luxury brands.

Artemis Groupe, the family’s investment company, would later look to acquire control of Maison Valli, Reuters reported.

Financial terms of the deal were not disclosed, but Artemis said it would support and contribute to Maison Valli’s continuing growth.

The investment will "support and contribute to Maison Valli's growth", Artemis said in a statement. Financial terms were not disclosed.

The globally-distributed Maison Valli was founded in 2004 by Italian fashion designer Giambattista Valli. The collections include couture and ready-to-wear.

Groupe Artemis has interests in wine and real estate, but its most notable holding is the luxury fashion group Kering, which includes Stella McCartney, Gucci, Alexander McQueen, and Balenciaga among its brands.

The group’s consolidated assets are worth more than $34 billion.


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