Business
LVMH’s L Catterton fund buys Italian bike business Pinarello
L Catterton, formed earlier this year through a partnership of Catterton, LVMH and the Arnault’s family holding company, has acquired Italian bike business Pinarello. The LVMH’s led investment vehicle has acquired a majority stake in the Italian bike brand in an attempt by the French luxury goods giant to enter the sports and athleisure sectors....
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