L Catterton news and archive

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...

People

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...

Business

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...

BusinessFeatured

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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...