LVMH joins new investment fund | RetailDetail

LVMH joins new investment fund

LVMH joins new investment fund

Luxury company LVMH will join investment group Groupe Arnault and private equity firm Catterton in a new private equity firm called L. Catterton. The goal is to invest in brands with major growth potential.

Combine activities

The new company will bring together several activities from its members: Catteron's North and South American operations, LVMH and Groupe Arnault's European and Asian prviate equity and real estate business. Together, they will invest in young brands.

 

L Catterton is a continuation of the collaboration between the three companies that have long since joined forces. Groupe Arnault belongs to Bernard Arnault's family, who is LVMH's CEO and also the luxury company's largest shareholder.

 

Groupe Arnault and LVMH already invested in Catterton's activities in 1998, a collaboration that is now more clearly defined in this new company. Together, they hope to increase the value of their investments to more than 12 billion dollars (11.2 billion euro).

 

Catterton has invested in fitness chain Pure Barre and the salad bar chain Chopt Creative Salad Company. LVMH and Groupe Arnault have invested in Italian food formula Cigierre and shoe brand Giuseppe Zanotti.

Questions or comments? Please feel free to contact the editors


Régis Degelcke new EuroCommerce president

22/06/2018

Régis Degelcke is the new president of EuroCommerce. The chairman of Auchan will start his three-year mandate in July.

Tom&Co eyes 100 French stores

21/06/2018

Belgian pet shop chain Tom&Co continues its expansion in France with the opening of its 25th French store in Nantes. With a new concept, the chain hopes to be able to quickly expand to 100 stores in France.

France wants e-commerce tax

21/06/2018

If the French government get their way, the Hexagon will soon introduce a tax on e-commerce. Products would become 1 to 2 % more expensive, depending on the distance of the last delivery.

Toy store chain La Grande Récré pulls plug on Belgium

20/06/2018

French toy store chain La Grande Récré has decided to focus on the French market and to close its Belgian branch, due to continuing financial difficulties. 16 stores will close, causing a job loss of 95.

Join us for Europe’s largest retail and e-retail event!

12/06/2018

(advertorial) The fourth edition of Paris Retail Week will take place September 10 – 12, 2018 in Pavilion 1 at Paris Expo Porte de Versailles. For three days, Paris will be the capital of experiential and connected commerce, bringing together 800 participating companies and 40,000 retail and e-commerce professionals.

Karstadt aims to reinvent department stores in Berlin

12/06/2018

German department store chain Karstadt is to open two stores in Berlin, that aim to reinvent themselves as a "networked marketplace". It will be the first new Karstadt department stores in the German capital for thirty years.