L Catterton news and archive

Birkenstock steps into big league with new luxury owners

Berli - Germany’s unabashedly frumpy but comfortable flat sandal maker Birkenstock stepped into the luxury league on Friday, with an LVMH-backed company and the French group’s billionaire owner snapping up the iconic brand. No details were given about the sum paid by LVMH-linked equity firm L Catterton and Bernard Arnault’s family holding fund...

Business

L Catterton invests in French outerwear brand JOTT

Private equity firm L Catterton, whose current apparel investments include Sweaty Betty, Ganni and Pepe Jeans, has bought a controlling stake in French casual outerwear brand JOTT (Just Over The Top). The Gourdikian family, which founded JOTT in Marseille in 2010, will continue to hold a “significant equity interest” in the business moving...

Business

JD.com and L Catterton invest in Secoo

Private equity firm L Catterton and Chinese e-commerce giant JD.com announced a strategic partnership with Chinese online platform Secoo Holding Limited yesterday and will invest 175 million US dollar each in one of Asia's largest online integrated upscale products and services platforms. “We are excited about this strategic partnership with L...

Business

Is L Catterton-backed GXG mulling an IPO?

Chinese men’s fashion retailer GXG is said to be eyeing an initial public offering of stock (IPO) on Hong Kong Stock Exchange, according to people familiar with the matter. Sources close to the fashion group, controlled by L Catterton Asia, said GXG is planning a Hong Kong initial public offering that could raise circa 300 million dollars. The...

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Business

Ganni sells majority stake to L Catterton

Danish contemporary fashion label Ganni is set to expand in Europe, the US and Asia after consumer-focused private equity firm L Catterton acquired a 51 percent stake in the fashion brand for an undisclosed amount. Ganni was founded in 2000 and has become a label loved by influencers and editors for its easy-to-wear style staples. Based in...

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Business

L Catterton acquires Argentinian lingerie brand Caro Cuore

The investment vehicle of LVMH group has partnered with Grupo de Narváez, L Catterton, Sol Acuña and Josefina Helguera to carry out the acquisition of Argentinian lingerie and intimate fashion brand Caro Cuore. Caro Cuore, a leader brand in its category according to the national newspaper ‘La Nación’, was founded by Rosa Pankiewicz and the...

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Business

L Catterton to form largest independent swimwear business

L Catterton, the world’s largest consumer-focused private equity firm backed by luxury conglomerate LVMH, is looking to create the largest independent swimwear and beach lifestyle business through its investments in Seafolly and Maaji. The global swimwear and beach lifestyle platform will combine Australian swimwear label Seafolly, which the...

Business

L Catterton may purchase Australian brand Tigerlily

Investment firm L Catterton recently has been looking to add swimwear brand Tigerlily to its portfolio. Although not yet confirmed, there has been speculation that the Australian brand has been eyed by L Catterton for some time. L Catterton executive chairman Philip Corne confirmed earlier this year to WWD that he was looking to add a couple...