French marketing collective weighs stake sale at over $1bn valuation – report

French luxury selling corporate The Independents is weighing a imaginable involvement merchantability that whitethorn worth the concern astatine supra $1bn, the Financial Times reported, citing sources.

The study said the radical has started preliminary discussions with investors implicit a imaginable merchantability of a bulk stake.

Founded successful 2017, The Independents has appointed the US-based concern institution LionTree to reappraisal strategical options, including a imaginable equity deal.

The study added that nary determination has yet been made connected the size of immoderate imaginable sale.

Investors person been approached to measure appetite for acquiring a controlling involvement astatine a valuation of much than $1bn.

The radical is said to person recorded £600m ($811.7m) successful gross past year.

The Independents operates astir 20 originative agencies, among them Karla Otto and K2, and employs 1,200 unit crossed offices, including London, Los Angeles, Hong Kong and Dubai.

Its clients see respective luxury retailers specified arsenic Céline, LVMH, Saint Laurent, and Cartier.

The radical is owned by its co-founders, including Isabelle Chouvet, arsenic good arsenic the Banijay Group and backstage equity entity TowerBrook.

Banijay holds an enactment to crook its number involvement into a controlling holding and has until June to workout that right.

The discussions are besides reported to see RedBird IMI, which earlier this twelvemonth merged its All3Media tv assets with Banijay Entertainment.

Any transaction would travel astatine a clip erstwhile luxury companies are contending with much hard marketplace conditions.

Valuations crossed the high-end assemblage person been nether strain arsenic the Iran warfare affects Middle Eastern markets and request successful China weakens.

LVMH posted 1% like-for-like income maturation successful the archetypal 4th of 2026 and said the struggle was among the factors weighing connected performance.

Banijay and TowerBrook antecedently co-led a $400m backing circular successful 2023 to enactment enlargement and concern the buyout of aboriginal capitalist Cathay Capital.

"French selling corporate weighs involvement merchantability astatine implicit $1bn valuation – report" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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