Bernard Mariette, president and chief executive of Coalision, the Canadian owner of the Orage, Lolë and Paradox brands, has acquired a stake of 21 percent in the company through Pélican, an investment fund that he heads himself. Mariette said that the investment reflected his enthusiasm for the company and its potential, and the progress in the implementation of its growth plans. The shareholders of Pélican include Olaf Guerrand, a member of the Hermès family and a member of that French luxury group's supervisory board, who is joining the supervisory board of Coalision. Kilmer, another investment fund, remains the majority shareholder in Coalision.

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