Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Private Equity Firm L Catterton Sets $7.8 Billion Fundraising Goal

Birkenstock storefront
L Catterton took a controlling stake in Birkenstock in 2021. (Getty Images)

The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion, the Wall Street Journal reported. The firm also hopes to raise an additional $1.25 billion, which will be dedicated to a growth-investment fund.

The news follows a dizzying year in fundraising and deal-making in the venture capital and private equity world and precedes a year in which the world’s economy is expected to expand. L Catterton, formed in 2016 when private equity firm Catterton, the Arnault family holding company Groupe Arnault and LVMH joined forces, holds a controlling stake in or ownership of brands including Etro and Birkenstock while backing DTC names such as Everlane.

Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholder’s documentation guaranteeing BoF’s complete editorial independence.

Learn more:

ADVERTISEMENT

How L Catterton Really Won Birkenstock

The story behind CEO Oliver Reichert’s manoeuvres to get the LVMH-backed private equity firm to buy the footwear maker for more than €4 billion.


© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Topics

AI’s Big Bias Problem

Generative AI holds vast potential when it comes to streamlining HR tasks and eliminating manual work, but there are mounting worries about its tendency to magnify racial and gender biases.


Marine Serre: From Radical to Pragmatist

Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections