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KKR on the Prowl for Fashion Acquisition

Private equity giant Kohlberg Kravis Roberts & Co. has entered into exclusive talks to acquire Sandro, Maje and Claudie Pierlot, according to a source.

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ON THE PROWL: Private equity giant Kohlberg Kravis Roberts & Co. is perusing the French fashion scene. KKR has entered into exclusive talks to acquire Sandro, Maje and Claudie Pierlot, according to a source close to the negotiations. The three aspirational brands are owned by Groupe SMCP, which L Capital and Florac acquired control of in November 2010. Reuters earlier reported the two had entered into exclusive negotiations. KKR declined to comment.