Téthys Invest, a subsidiary of Téthys, the major shareholder of L’Oréal, has recently made its foray into the fashion industry by acquiring a stake in Sézane, a well-known French ready-to-wear label. This move marks an important milestone for Téthys Invest, as it is their first venture into the fashion sector.

Established in 2016 by Françoise Bettencourt Meyers, the granddaughter and heiress of L’Oréal’s founder, and her husband Jean-Pierre Meyers, Téthys Invest describes itself as an investment fund that focuses on making direct, long-term investments in entrepreneurial projects.

As a subsidiary of Téthys, Téthys Invest has access to the financial resources of its parent company, which is the Bettencourt-Meyers family holding company and the majority shareholder of the L’Oréal group. The L’Oréal group is valued at approximately €200 billion and is home to renowned brands such as Lancôme, L’Oréal Paris, and Garnier.

Téthys Invest has deep connections with the L’Oréal group, thanks to its managing director, Alexandre Benais, who previously worked for merchant bank Lazard and advised L’Oréal during a significant transaction in 2014. This transaction involved the repurchase of 8% of L’Oréal’s own capital from Nestlé.

Since its establishment, Téthys Invest has diversified its investments across various sectors. Its initial investment occurred in 2017 when it acquired a minority stake in the French private healthcare group Elsan, valued between €150 million and €200 million.

In 2018, Téthys Invest expanded its portfolio by acquiring a stake in the private education group Galileo Global Education. Furthermore, in 2020, it became a shareholder in Ceva Santé Animale, a multinational veterinary medicine group, as part of an investor consortium.

Although Téthys Invest has steered clear of the fashion industry in the past, the recent investment in Sézane opens the possibility for the brand to enter the cosmetics world. Currently, Sézane features a limited beauty line, but with the support of Téthys Invest as a long-term investor, it could potentially expand its offerings in the beauty sector.

This partnership between Téthys Invest and Sézane signifies the growing interest of major investors in the fashion industry. With the backing of Téthys Invest and the financial power of L’Oréal, Sézane is poised for accelerated growth and the potential to explore new opportunities within the fashion market.

Useful links:
– [Téthys Invest Website](https://www.tethysinvest.fr/)
– [Sézane Official Website](https://www.sezane.com/)