Change Capital, an investment company controlled by the Halley family, has agreed to take over Jil Sander, the German fashion house that Prada Group had acquired in September 1999. The Halley family is the largest shareholder in Carrefour and Change Capital is run by Luc Vandevelde, former chairman of Marks & Spencer and current chairman of Carrefour. Considerable streamlining has led Jil Sander to a situation where it should break even this year on sales of more than €140 million. Jil Sander already has a footwear line, but the expansion of its small accessories business is part of Change Capital’s business plan, along with improvements in such areas as sourcing and distribution. Raf Simons will remain as creative director, with a stake in the company, and the brand’s positioning will be maintained.