L Catterton news and archive

L Catterton acquires majority stake in Kiko Milano

LVMH investment vehicle, L Catterton, has announced the acquisition of a majority stake in the Italian beauty brand Kiko Milano from the founding Percassi Family. The Percassi Family will retain a significant stake in the Company and specific terms of the deal have not been disclosed. Established in Bergamo, Italy, in 1997 by Antonio and Stefano...

Business

Tod’s Group strikes new deal with L Catterton, going private

L Catterton, an investment firm in which LVMH has a minority share, announced a friendly takeover bid for Italian fashion group Tod's. The primary purpose is to remove its shares from the Milan Stock Exchange. The offer, valued at 512 million euros, involves buying up to 36 percent of Tod's shares at 43 euros per share, a 17.59 percent premium...

Business

L Catterton commits 15 million euro capital injection to Etro

LVMH-backed investment vehicle L Catterton has initiated a 15 million euro recapitalisation of the Etro fashion house. According to Milano Finanza the primary purpose of its recent shareholders meeting was to address a capital increase and implement changes to the company's bylaws. Etro’s recapitalization was prompted by significant losses in...

Business |Beauty

Dibs Beauty receives investment from L Catterton

Dibs Beauty, a vegan, cruelty-free colour cosmetics brand, has raised “significant growth capital investment” from global consumer-focused investment firm, L Catterton. The make-up brand launched in September 2021 to deliver elevated and multi-purpose make-up essentials to the busy beauty consumer. Its hero product is the Desert Island Duos,...

BusinessFeatured

L Catterton acquires majority stake in A.P.C.

Private equity firm L Catterton has acquired a majority stake in French casualwear brand A.P.C. The LVMH-backed fund will propel A.P.C.’s international growth, which is current sold in over 70 countries and sees 80 percent of its turnover generated from regions outside France. Best known for its clean styling, denim and leather goods, A.P.C.,...

Business

L Catterton invests in plus-size womenswear brand BloomChic

Investment firm L Catterton has announced an investment into womenswear brand BloomChic, a digital-first retailer that focuses on plus-size apparel. In a release, the brand said the investment positions it to embark on its next stage of growth and further realise its mission of enabling mid- and plus-size women to easily find clothes that fit...

Business

L Catterton establishes Impact Fund Platform

Consumer-focused private equity firm L Catterton is launching an impact investment platform to partner with the next generation of mission-driven consumer companies. In a statement, L Catterton said that the Impact Fund Platform would leverage its extensive resources and capabilities to invest and grow consumer companies whose missions include...

Business

Birkenstock invests 110 million euros in new shoe factory

Natural footwear company Birkenstock has entered the third phase of its new shoe factory in Pasewalk, Northeast Germany. Building began last spring and should finish by Q4 2023. The investment cost to build the factory is thought to have soared to 110 million euros. The German brand is part owned by LVMH investment vehicle L Catterton. Last year...

BusinessFeatured

L Catterton to reportedly sell Ganni in potential 700 million dollar deal

Private equity firm L Catterton is reportedly set to sell its Danish fashion brand Ganni, in a deal that could potentially reach up to 700 million dollars. The LVMH-backed firm is said to have hired investment bank Lazard to run the sale process, according to a report by Reuters, which is already attracting a number of Chinese buyers. Large...

PeopleFeatured

Etro names Marco De Vincenzo as creative director

Storied Italian luxury fashion house Etro, founded by Gerolamo Etro in 1968, and controlled by consumer-focused private equity firm L Catterton, has named Marco De Vincenzo as its new creative director, effective from June 1. De Vincenzo will be in charge of Etro’s women’s, men’s and home collections and will present his first designs for the...

People

Etro strengthens management team

Milan-based luxury label Etro has appointed a new chief financial officer and chief commercial and sustainability officer to strengthen its management team. The storied Italian luxury house, which has been controlled by consumer-focused private equity firm L Catterton since July, named Iacopo Martini its chief financial officer and Alberto...

Business

LVMH investment vehicle L Catterton is planning a summer IPO

L Catterton, a joint venture investment vehicle owned by LVMH, the Arnault Group and America-based Catterton, is planning a listing on the stock market later this year. The private equity firm, which holds investments in fashion companies including Birkenstock, Ganni and Etro, could be heading for an IPO as early as summer, reported the Wall...