To which private equity firm did Prada sell Jil Sander in 2006?

To which private equity firm did Prada sell Jil Sander in 2006? Prada sold Jil Sander to Change Capital Partners.

The agreement was announced in February 2006, ending Prada’s ownership of the German luxury fashion company. Change Capital Partners was a London-based private equity firm associated with Luc Vandevelde, the former chairman of Marks & Spencer and Carrefour. The purchase price was not officially disclosed, although contemporary reports published estimates.

Prada had acquired control of Jil Sander in 1999, during a period when major luxury groups were assembling portfolios of prestigious labels. The relationship became difficult after restructuring, management tensions, and the departure of founder Jil Sander. By the time of the sale, the business was being repositioned under designer Raf Simons.

A common mix-up is confusing the 2006 buyer with Onward Holdings. Change Capital Partners owned Jil Sander first; Onward and its European subsidiary GIBO acquired the company from Change Capital in 2008.