Chargeurs can afford the luxury of buying Skira Editore, company news

Chargeurs, historical specialist in material protection and technical textiles, confirms its love of luxury! The industry group, which, together with its unit Chargeurs Museum Solutions (CMS), has been creating content for cultural institutions and brands, has announced that it has completed the acquisition of 80% of Skira Editore’s capital. On this occasion, Chargeurs Chairman and CEO Mikael Freiburg was able to detail the purpose of this acquisition, while recalling the future of the 150-year-old French company.

Transforming business into luxury

This acquisition materializes the Chargeurs group’s turn into the luxury goods sector. “, starts the presenter, because Skira Editore is above all” cultural luxury brand “. It operates in four areas: the publication of high-end works of art, the production and management of temporary exhibitions, the establishment and management of museum bookstores and, finally, the co-production of cultural audiovisual content (films, documentaries). The Italian company comes complete the service portfolio from CMS, which claims to be the world leader in turnkey solutions for the development of museums (design, creation of immersive experiences or audiovisual content, etc.).

Skira’s publishing business goes beyond the stages of creating and updating museums and therefore improves their relationship with the CMS. TP Icap Midcap notes that this acquisition strengthens CMS in the temporary exhibition market and opens up development opportunities in the Middle East and the US for Skira, which has a major presence in Europe. Skira Editore’s turnover of €15 million will see CMS surpass €100 million in bills this year (up from €4 million four years ago). And the prospects are promising, according to the CEO, already “ three years of orders completed in this activity. »

in price power at the core of the group’s strategy

The operation boosts momentum already well-established in the first quarter, when sales jumped 12.6% to more than 200 million euros. The performance is drawn structurally growing demand “, Related to ” significant price power”, says the manager. ” This ability to integrate cost increases into realized prices underlies the core of the group’s strategy, long before the arrival of inflation “, emphasizes Mikael Freibourg. In the “Protective films” segment (temporary protection of surfaces), the price effect materializes due to items that automatically transfer the increase in the cost of materials to shippers’ prices (for example, for polyethylene).

The development of PaaS (product as a service), i.e. the sale of services related to products, also brings added value and strengthens price power to the group. This also applies to the Elite Materials subsidiary, which supplies premium merino wool to textile companies in addition to a blockchain-based tracking system. The latter guarantees the origin of the fibers that make up the clothes and gives Chargeurs a comparative advantage, whose customers, like the Stella McCartney brand, are interested in sustainable development.

At the same time, the transformation of other activities of the group continues, in particular in the Fashion Technology division, which specializes in lining and is currently developing fabrics with technical characteristics, known as “sportswear”. The Health division, which led Chargeurs during the health crisis, sees its future partly in high-quality human products. Thus, the group’s portfolio is based on buoyant markets, which should allow it to exceed 800 million euros in turnover for the financial year.