The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
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:
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.
The 35 year-old former racecar driver — son of designer Miuccia Prada and chairman Patrizio Bertelli — is restructuring the Milanese group from the inside out. ‘Everything’s changing so that everything can stay the same,’ said the BoF 500 cover star about readying Prada for its next chapter.
The beauty festival space flatlined when Covid-19 restricted large in-person events. This year, a number return, including Sephoria, which makes the case that the experiential event is back and better than ever.
To discover how SMEs are successfully cutting through the noise to connecting with consumers in an increasingly crowded digital landscape, BoF interviews Christian Juuls Nielsen, the founder of Aknvas, Batsheva Hay of Batsheva and Arianne Elmy, founder of her eponymous brand.
Balenciaga, Valentino and Louis Vuitton all have their issues, writes Tim Blanks.