The Swiss private equity company 1686 Partners is keen to get involved in the lifestyle segment. The company has so far been involved in three businesses.
The private market company «1668 Partners», founded by David Wertheimer, wants to focus on disruptive and sustainable companies in the Lifestyle sector, as stated in a press release on Tuesday (only in French).
Wertheimer is part of the family that owns Chanel. At Mirabaud, he is a private equity partner and manager of the «Lifestyle Impact & Innovation» strategy. The press release states that he will also continue in this role.
Three Stakes So Far
As a first step, 1686 Partners invested more than $110 million. According to reports, the three stakes that the firm has acquired up until now are a ski clothing brand, a company that appraises used luxury watches, and a company specializing in inventory management and demand forecasting.
The aim is to get involved in businesses in the fashion, cosmetics and lifestyle segments in general which represent transformation and growth. Wertheimer is the son of Chanel co-owner Gérard Wertheimer.
