Sonia Rykiel: now under new ownership

French fashion house Sonia Rykiel has concluded the sale of an 80% stake in the business to China’s Fung Brands Ltd.

The Rykiel family will retain a minority 20% stake, and Nathalie Rykiel, Sonia’s daughter, will serve as vice chairman of the board.

‘This partnership joins the forces of Sonia Rykiel and its exceptional bonds to clients with Fung Brands’ know-how, its knowledge of the sector and access to international markets,’ the companies told WWD in a joint statement. ‘Benefitting from the strong and distinctive identity of the brands, the partners wish to develop the company internationally as a true global brand of international luxury.’


Fung Brands has also acquired significant stakes in fashion brands Robert Clergerie and Delvaux since its formation last year.

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