Acne Studios might be looking for a buyer

  • · 1806 Views · 
  • Posted 1 month Ago

According to a report by WWD, Acne Studios co-founders Jonny Johansson and Mikael Schiller have asked Goldman Sachs to start looking for potential buyers for the company.

The label's recent surge in popularity, as well as its strong market presence and easily recognisable branding means the acquisition is likely to be strongly contended, not the mention the company boasts annual revenues upwards of 200 million EUR.

WWD has reached out to co-founder Jonny Johansson for comment but has currently not hear back, while Mikael Schiller did not confirm that Acne Studios was for sale. A London-based spokesman for Goldman Sachs also declined to comment.

Acne Studios has had a rather miraculous turnaround since 2001, when Schiller said it was on the verge of bankruptcy. It's now estimated to be worth in the region of 500m EUR.

Stay tuned for more information.

Image courtesy of Acne Studios

Source: WWD