Le Slip Français IPOs in Paris, Targets Shein
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- Le Slip Français listed on Euronext Growth Paris on Tuesday at an IPO price of 14.80 euros per share, targeting a market capitalization of around 19 million euros ahead of the debut; shares briefly dipped below the IPO price before last trading at 15 euros.
- Guillaume Gibault, who founded the company in 2011 to promote French-made textiles, reported 2025 revenue of 21 million euros ($24.6 million), EBITDA of 2.1 million euros, and net income of 700,000 euros.
- Le Slip Français runs its own factory near Paris producing roughly 4,500 pieces of underwear per day, using automation to cut retail prices from around 40 euros to roughly 20 euros while staying profitable.
- The brand currently holds about 4% of France's men's underwear market despite roughly 60% name recognition among French consumers, and aims to double revenue by 2030.
- Le Slip Français plans to expand beyond its consumer brand by manufacturing clothing for other companies seeking French production — a model it calls "Made in France as a service."
- Shein, the fast-fashion giant it competes against, is reportedly targeting a September or October IPO at a $40–50 billion valuation, according to Reuters.
Why it matters: Le Slip Français is asking public investors to bet that on-shored production can scale against Shein and Temu: its automation-driven factory has already halved retail prices while preserving margins, and the brand claims just 4% share in a market where 60% of French consumers already recognize the name, leaving a measurable gap to close.
