It is always interesting to get some background information on the business of brands that report about so often. Since many of them are privately held companies, such as A.P.C., news about their financials hardly ever come out.
Today we read over at WWD though, that A.P.C. has sold a 14% stake in its business to French investment fund Audacia. Also they report that the brand made 34 Million Euros revenue and 3 Million Euros operating profit in 2011. According to the brand’s founder Jean Touitou, the money will be used to fund new store openings in New York, Milan, Berlin and Paris.
Photography: Stephane Gallois