Afflelou Family Acquires Additional 9% Stake in Alain Afflelou From Lion Capital

The Afflelou family has increased its stake in the group with the same name, increasing its control from 29% to 38% of the capital. The purchase has been formalized between the French company and Lion Capital, its partner since 2012.

“We are proud to have been able to count, for more than ten years, on a solid and demanding partner like Lion Capital,“ explains Alain Afflelou, founder of the group. Lion Capital is a British private equity firm specializing in investments in the consumer sector. The purchase of its stake is, for the company, “a strategic move” to help the group grow.

In 2022, the company appointed Anthony Afflelou, son of the company’s founder, as its new CEO. Since then, the desire to expand the family management has prevailed. With this reinforcement in the capital, the executive seeks to “consolidate a stable business trajectory”.

Afflelou has been trying to stabilize the family management of the company since the appointment of its CEO

The company’s global turnover in the 2023 financial year was €876.1 million, up 6% compared to the last financial year. 

Alain Afflelou opened his first standalone store in 1972 and began developing his franchise network the following year. In 2022, the company named Anthony Afflelou new director, succeeding his father.