David Wertheimer, the son of one of Chanel’s billionaire owners, has initiated 1686 Partners, a private equity firm securing over US$110 million for investments in fashion, cosmetics, and lifestyle products.
Founded last year and headquartered in Luxembourg, 1686 Partners is set to focus on pioneering ventures within jewelry, gourmet food, ready-to-wear, and fragrances. The firm distinguishes itself through a commitment to sustainable practices, eco-friendly distribution channels, responsible production methods, traceability, and access to raw materials.
The team includes notable appointments such as Andreas Ernst, previously from Skopos Impact Fund, joining as partner; Jonathan Farrugia as PE investment director; Julien Erbrech as operations manager; and Jeremie Lotti as head of partnership and strategy. Operating across Europe and Asia, further operational specifics will be unveiled later this year.
With Wertheimer’s deep-rooted industry knowledge and heritage linked to Chanel, 1686 Partners aims to support companies embodying values of sustainability and innovation, extending Chanel’s legacy into new market realms.
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