one of the leading listed investment companies in Europe, today
announced the launch of Eurazeo Brands, a new division to invest in U.S.
and European consumer brands with global growth potential. Jill Granoff,
an accomplished executive with over 25 years’ experience building brands
in the fashion, beauty and retail industries, joins the firm as CEO of
Eurazeo Brands effective immediately. She will lead the division’s
investment activities and help drive growth and transformation of
selected companies, leveraging her extensive operating experience and
professional network. She will report directly to Eurazeo’s Executive
“The creation of Eurazeo Brands is a major step forward in our consumer
brand investment strategy set in motion several years ago to identify
high quality global investment opportunities,” said Virginie Morgon,
deputy CEO of Eurazeo. “With enormous market potential in the
consumer sector, we are thrilled to dedicate senior sector expertise and
leverage our global network to help companies reach the next level and
The new Brands division will target high growth companies with a
differentiated concept across a wide range of verticals including
beauty, apparel, accessories, home, jewelry, leisure, health, fitness
and food. Leading entrepreneurs, advisors and business partners across
these verticals will join the initiative to provide sector-specific
knowledge. The focus will be on accelerating transformation and helping
brands realize their potential across categories, channels and
geographies. Some of the notable consumer-driven investments made by
Eurazeo include Moncler, Farfetch and Vestiaire Collective.
The global, dedicated Brands team will be headquartered in New York with
investment and operating professionals in both the New York and Paris
offices. The firm has allocated $600 million to $800 million for
investments in the next three to five years. Ideal equity investments
for Eurazeo Brands are between $10 million and $600 million with
transactions above $100 million as co-investments with Eurazeo Capital.
“I’m excited to lead this new strategic initiative and to join Eurazeo,
an outstanding firm with a successful investment track record over a
130-year history,” said Jill Granoff, CEO of Eurazeo Brands.
“I’ve dedicated my professional career to building compelling,
aspirational brands and look forward to partnering with companies as
both a strategic advisor and long-term shareholder.”
Granoff is the former CEO of Kellwood Holding Corp. and Vince, where she
led Vince’s IPO, and former CEO of Kenneth Cole Productions. She has
also held senior leadership roles at Estée Lauder, Victoria’s Secret and
Liz Claiborne, where she had global responsibility for Juicy Couture,
Lucky Brand Jeans and Kate Spade. Granoff also brings digital expertise
to Eurazeo Brands as a former board member of Demandware, now Salesforce
“Jill has a solid reputation of being a smart strategist and an
impressive track record of leading iconic brands and companies in the
fashion and beauty industries,” added Morgon. “Her experience will be
of great value to our companies and I am thrilled to have her on board.
The Executive Board is fully confident in her abilities to identify the
best opportunities, build a dedicated investment team and help drive
value creation in the companies we choose to invest in.”
Eurazeo Brands joins four other investment divisions at Eurazeo: Eurazeo
Capital (mid and large cap), Eurazeo PME (small and mid-sized
enterprises), Eurazeo Croissance (start up and growth companies) and
Eurazeo Patrimoine (real assets, particularly real estate).
With a diversified portfolio of approximately €6 billion in assets under
management, of which €1 billion is from third parties, Eurazeo is one of
the leading listed investment companies in Europe. Its purpose and
mission is to identify, accelerate and enhance the transformation
potential of the companies in which it invests. The Company covers most
private equity segments through its five business divisions – Eurazeo
Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo
Brands. Its solid institutional and family shareholder base, robust
financial structure free of structural debt, and flexible investment
horizon enable Eurazeo to support its companies over the long term.
Eurazeo is notably a shareholder in AccorHotels, ANF Immobilier,
Asmodee, CIFA, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les
Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, and
also SMEs such as Péters Surgical and Flash Europe International, as
well as start-ups such as Farfetch and Vestiaire Collective.
Headquartered in New York, Eurazeo’s North America office opened in
September 2016 to identify, invest in and enable the growth of high
potential U.S. mid-market companies in the consumer goods and business
services sectors, as well as support the international development of
Eurazeo’s portfolio companies. As a global long-term shareholder, the
firm offers deep sector expertise, a gateway to global markets, and
growth-oriented value creation to the companies it supports. The U.S.
team, managed by Virginie Morgon, Deputy CEO of Eurazeo and President
and CEO of Eurazeo North America, is comprised of six investment
professionals and two senior advisors.
Eurazeo is listed on Euronext Paris. ISIN: FR0000121121 – Bloomberg: RF
FP – Reuters: EURA.PA
For further information, please visit our website: www.eurazeo.com.
Follow us on Twitter,