AMI partners with investment firm Sequoia Capital China
Alexandre Mattiussi’s luxury men’s fashion brand AMI has partnered with leading investment firm Sequoia Capital China to accelerate the brand’s long-term global expansion and digital reach.
The amount of investment made or the size of the stake acquired by Sequoia Capital China has not been revealed, though AMI is expected to register a consolidated turnover of more than €50m (£45m) in 2020, marking a +50% year-on-year growth.
AMI President and Artistic Director Alexandre Mattiussi will maintain the same creative role “with absolute artistic independence,” while CEO Nicolas Santi-Weil will remain in charge of the overall business, which was founded in Paris in 2011.
Santi-Weil said: “We are very proud to welcome such a strong and visionary ally and to write together this new chapter of AMI’s journey. Combining Sequoia Capital China’s global reach and digital knowledge with AMI’s creativity and energy will undoubtedly create an exciting cocktail.
“Alexandre and I have been convinced by their determination to back us as entrepreneurs, while understanding and respecting the core values that define us.”
Neil Shen, Founding and Managing Partner of Sequoia Capital China, added: “The partnership presents another milestone in our journey with world’s leading companies in luxury retail industry to help their vision in accelerating the digital transformation and penetration in local markets to the next level.”
Geographically well-balanced, AMI’s leading markets include the US, France, UK, Italy, Germany, China and South Korea.