In December, Michaël Fribourg, the CEO of Chargeurs Group, initiated a takeover bid through his holding companies to secure a significant majority stake in the company, increasing their ownership from 26.5 per cent to 65.5 per cent. The takeover followed the release of the company’s challenging 2023 financial results, where despite facing a tough year, Chargeurs Group managed to mitigate a sales decline of 6.9 per cent.
Michaël Fribourg expressed his optimism about the acquisition, stating that it marks a new phase in Chargeurs Group’s journey towards enhancing its value. The Fribourg family and partners aim to reinforce the company’s global expansion strategy by focusing on high-value sectors and niche champions worldwide. With divisions in Technology, Luxury Goods, and Diversification, Chargeurs Group operates in approximately one hundred countries and has a workforce of 2,400 employees. The company’s objective is to achieve € 1 billion in sales by 2025. Recently, Chargeurs Group announced the expansion of its sustainable materials range, Nativa, to include cotton.
Paris-based Chargeurs is a prominent name in providing interlinings and inner components for the fashion and luxury goods industries, providing comprehensive solutions to the world’s best brands. Though invisible to the eye, interlinings are technical fabrics that are essential for structure, durability, and longevity of garments. Recently, Chargeurs PCC presented its latest offerings at BharatTex as well, including the Lainière Paris, Bertero and Fusion Line collections, GMP and weft-insertion technologies at the fair.
