Façonnable

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Façonnable
Industry Tailoring
Founded Nice, France, in 1950
Founders Jean Goldberg
Parent Lebanese private equity group M1 Group since September 2007
Website www.faconnable.com/en/


Façonnable is an international high-end men's and women's tailor founded in Nice, France, by Jean Goldberg in 1950.[1]

Background

The first shop, situated in rue Paradis in Nice, was frequented by film stars in need of bespoke tuxedos and gowns for events such as the annual Cannes Film Festival. In 1961 when Goldberg retired, his son, Albert, took over. He shifted it to the prêt-à-porter segment, and renamed the business 'Façonnable', a variation of the word "Façonner" (English: "to create").[1] In 1973, boutiques were opened along the Cote d'Azur in Monte Carlo, Cannes, Saint-Tropez, and in Marseilles. The first Parisian boutique opened its doors in 1984. In 1988, the chain entered into a distribution agreement with US department store chain Nordstrom. Façonnable opened its first US boutique on New York City's Fifth Avenue in October 1993.[2] Two further US boutiques were opened in 1997 located on the West Coast.[1]

Ownership

Façonnable SAS was owned by the Goldberg family until the company was sold to Nordstrom Inc., in 2000 in a cash and stock deal worth $170 million.[3] In September 2007, Lebanese private equity group M1 Group agreed to acquire Façonnable from Nordstrom Inc., for 152.985m Euro (US$210M).[4][5]

References

  1. ^ a b c Our History, Façonnable
  2. ^ Strom, Stephanie (1 October 1993) "French Clothier Opening in New York", New York Times
  3. ^ Deals "The Washington Post (28 September 2000) page E.01
  4. ^ Acquisitions Monthly, 1 September 2007 "M&A deal data.(Company overview)"
  5. ^ Associated Press (27 July 2007) "Nordstrom sells Faconnable brand to M1 Group for $210 million", KATU

External links