L Catterton news and archive

Kapital sale to LVMH raises stakes for artisanal fashion independence

LVMH-backed L Catterton's acquisition of Kapital, a Japanese clothing brand celebrated for its artisanal denim and Americana-inspired designs that was founded in the 1980s, has sparked concerns among enthusiasts and industry observers. The acquisition, finalised in the second half of 2024 according to High Snobiety, came just months after...

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LVMH-backed L Catterton snaps up majority stake in Japan’s Kapital

Investment firm L Catterton has reportedly snapped up a majority stake in Japanese denim specialist Kapital following the death of its founder, Toshikiyo Hirata, in early 2024. The deal was made quietly, with neither firm formerly announcing the acquisition. Kapital does now, however, appear on L Catterton’s official website, underneath a list...

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Rothschild reportedly given mandate to seek investor for Etro

Despite past reports that L Catterton was not eyeing a sale of its stake in Etro, new speculation regarding such a possibility has come to light. According to sources for WWD, financial services firm Rothschild is believed to have been given a mandate to seek an investor in the Italian luxury group. A market source for the media outlet said...

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Business|Beauty

L Catterton acquires majority stake in Stenders

Consumer-focused investment firm L Catterton has acquired a majority stake in Stenders, a premium bath and body care company founded in Latvia in 2001, which has a presence in 20 countries. In a statement, Stenders said it would leverage L Catterton's expertise and network to accelerate its international expansion across Asia, Europe, the Middle...

Fashion |Beauty

Naomi Watts’s Stripes Beauty to launch in Canada

The beauty and wellness brand Stripes Beauty, launched by actress Naomi Watts in 2022 and acquired in June by investment firm L Catterton, is expanding into Canada. Stripes Beauty is a pro-ageing wellness and beauty brand aiming to eliminate the stigma, shame and anxiety often associated with menopause while offering science-backed vaginal...

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L Catterton names Devon Leahy as global head of sustainability

Investment firm L Catterton has announced the appointment of Devon Leahy as global head of sustainability. Leahy, the company said in a statement, will support portfolio companies across the L Catterton platform with a range of sustainability-focused projects and value-creation initiatives. "Sustainability considerations have played a key role...

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L Catterton reportedly submits acquisition bid for Barbie owner Mattel

LVMH-backed private equity firm L Catterton is believed to have submitted an acquisition proposal for toy maker Mattel, a move that could encourage other suitors to also step forward with bids. According to anonymous sources for Reuters, while such a bid is believed to have been made, there is no guarantee that Mattel will explore the...

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LVMH-owned L Catterton snaps up Value Retail stake for 1.5 billion pounds

A newly formed company under the banner of private equity firm L Catterton has snapped up a stake in Value Retail, the owner of UK retail destinations like Bicester Village, which had formerly been held by British property firm Hammerson. The deal, which will see Value Retail transferred to Silver Bidco Limited, a Jersey incorporated firm...

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L Catterton increases its stake in Etro

L Catterton, the global private equity firm in with LVMH has a minority stake, has reinforced its investment in Italian luxury fashion house Etro through a new 1.73 million euros capital injection. Approved in a shareholders' meeting led by CEO Fabrizio Cardinali, the recapitalisation follows a substantial 15 million euro capital boost...

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L Catterton raises 756 million dollars in sale of Birkenstock shares

An entity affiliated with investment firm L Catterton has raised a total of 756 million dollars in the sale of 14 million ordinary shares linked to footwear specialist Birkenstock. BK LC Lux MidCo, which oversees 9.9 million shares, and employees of the Birkenstock Group, who hold power over 4.1 million shares, are to take part in the secondary...

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L Catterton and Birkenstock employees to sell 14 million shares

In a secondary public offering, Birkenstock employees and BK LC Lux MidCo, an entity affiliated with L Catterton plan to sell Birkenstock’s 14 million ordinary shares. Following the completion of the proposed offering, L Catterton will hold approximately 73.2 percent of the ordinary shares outstanding of the company. Commenting on the...

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L Catterton acquires Naomi Watts' Stripes Beauty

Stripes Beauty brand launched by actress Naomi Watts in 2022 has been acquired by investment firm L Catterton. The company said in a release that Stripes Beauty was founded by Watts with the mission to normalise conversations about menopause and other symptoms associated with natural hormonal changes as women age. Since its creation, Stripes...