Kylian Mbappe Takes Stake in German Electronics Firm Loewe
- Company plans to grow revenue in North America, Asia
- CEO Khabliev sees IPO as possibility in next few years
Kylian Mbappe during the Spanish league football match.
Photographer: Javier Soriano/AFP/Getty ImagesThis article is for subscribers only.
French football star Kylian Mbappe has acquired a stake in German electronics firm Loewe Technology GmbH, an investment the company expects will increase sales and potentially pave the way for an initial public offering.
The 25-year-old Real Madrid player took a minority holding of more than 10% through his investment firm Coalition Capital, Loewe said, without disclosing a transaction value. The move comes after Loewe — best known for its high-end television sets — enlisted Mbappe as a brand ambassador earlier this year.