Headed by its founder and creator, Olivier Thoyer, the textile brand ELSA C., known since 1990 for having relaunched the traditional boutis provençal needlework technique in France, has achieved a turnover of 5 million Euros, thanks to the success of its coverlets, quilts and cushions. For more than 10 years, this extraordinary manager – a passionate designer – has maintained a day-to-day economic vision of the company and, alone, has driven the development of the company. At the beginning of 2003, he decided to open up the capital of ELSA C. The transaction services consultancy, CFK Finance, was assigned for this purpose, represented by Ms Claude Lachaud. After declining a few proposals from textile groups, Olivier Thoyer selected the project of a private individual. So, Franck Saget, 33, product expert and professional in luxury items from the famous FAUCHON company, bought ELSA C. At the end of this transaction, Olivier Thoyer retains 15% of the capital of ELSA C. This new partnership – confident in the future – will strive to continue the development of collections and products in the ELSA C fashion and to confirm the brand’s success, particularly on the international stage where it already has a strong presence.
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