Luxury fashion house Etro has named Dolce and Gabbana executive Fabrizio Cardinali as its new chief executive officer, effective fourth quarter 2021. Cardinali joins from Dolce and Gabbana, where he held several roles with the company, most recently as chief operating officer and as an executive member of the board since June 2017. He also spent...
9 Sep 2021
Private equity firm L Catterton, whose apparel investments include Sweaty Betty, Ganni and Pepe Jeans, is to acquire Italian luxury label Etro. The deal will see L Catterton Europe snap up a majority stake in Etro, while the founding Etro family will retain a “significant minority”. While further financial details weren’t shared, sources close...
19 Jul 2021
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...
1 Feb 2021
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...
11 Jul 2018
Media reports suggest, Future Lifestyle Fashions (FLF) is reportedly selling 10 per cent stake to L Catterton Asia through a mix of preferential allotment and secondary purchase of shares. Backed by global luxury conglomerate LVMH, L Catterton is the world’s biggest consumer-focused venture capital and private equity firm. The firm’s last...
30 May 2018
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...
11 Mar 2018
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...
14 Dec 2017
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...
5 Oct 2017
Mukesh Ambani-led Reliance Brands has bought out L Catterton Asia’s around 40 per cent stake in Genesis Luxury, its direct competitor in luxury retail. Reliance Brands already retails brands like Ermenegildo Zegna and Bally among others. The unprecedented move, perceived to be inimical to Genesis' founder promoters Sanjay Kapoor, Jyoti Narula...
18 Sep 2017
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