High-end skiwear brand Fusalp has announced a new capital increase from the Mirabaud Patrimoine Vivant and Mirabaud Lifestyle Impact & Innovation private equity funds, thereby acquiring a minority stake in the company. The financial terms of the deal were not unveiled. The new funding is meant to help Fusalp develop its presence overseas, particularly in the North American market, starting with opening new stores in New York and Aspen, Colorado, this coming winter. The company expects to have 55 mono-brand stores by the end of the year, up from the current 48 and only three in 2015.
Fusalp was founded in 1952 in Annecy, in the French Alps. In 2014, siblings Sophie and Philippe Lacoste, grandchildren of Lacoste founder and tennis legend René Lacoste, took control of the company. Fusalp doubled its revenues in the fiscal year ended May 31, 2022, to over €40 million, half of which was from abroad and with online revenues up by 60 percent on the previous year.
