Home » After Smallable and Wethenew, L’Exception goes under the Hong-Kong flag After Smallable and Wethenew, L’Exception goes under the Hong-Kong flag Faced with the fragility of the fashion industry, Hong-Kong based fund AA Investments is continuing to acquire assets in difficulty. A latest acquisition is the online concept store L'Exception. Through Morgane Monteiro. Published on 10 January 2025 à 16h03 - Update on 24 July 2025 à 10h31 Resources On January 3, 2025, Regis Pennel, former CEO of L’Exception (now Head of E-Commerce at Galeries Lafayette) announced the acquisition of the fashion e-commerce platform by Hong Kong-based investment fund AA Investments.… Morgane Monteiro angelsbuyoutfashionFinancing and expansionInvestment Read more Bonpoint to be sold to China's Youngor [Analyze] The six major challenges facing retail in 2024 Naf Naf taken over by Turkey's Migiboy for €1.5 million