Fashion Investments and M&A

Date: March 2021
Buyer: L Catterton (a firm backed by the chief executive of LVMH, Bernard Arnault, and his family’s holding company, Financière Agache)
Target: Birkenstock
Business: Footwear retailers
Value: reportedly €4 billion
Details: L Catterton, one of the largest global consumer-focussed private equity firms, has purchased a majority stake in Birkenstock, the German maker of the iconic sandals. Whilst the size and value of the stake has not been officially disclosed, it has been speculated that a 60-70% has been sold by brothers Alex Birkenstock and Christian Birkenstock who will be retaining a minority share in the company. The transaction is expected to facilitate further growth for Birkenstock in future growth markets such as China and India and to help expand its marketing position in Europe and America.

Date: December 2017
Buyer: L Catterton
Target: Ganni
Business: Danish fashion label
Value: Undisclosed
Details: Private equity firm L Catterton has acquired a 51% stake in Ganni, the Danish mid-market label.

Date: October 2017
Buyer: L Catterton
Target: Caro Cuore
Business: Argentinian lingerie and fashion brand
Value: Undisclosed
Details: L Catterton has joined with other investors to acquire Caro Cuore in Argentina.

Date: April
Buyer: L Catterton
Target: Maaji
Business: Beachwear brand
Value: Undisclosed
Details: LVMH backed private equity firm buys controlling stake in leading Colombian brand from co-founder Manuela and Amalia Sierra, to merge with Australian Seafolly brand.

Date: April 2017
Buyer: L Catterton
Target: Mizzen + Main
Business: Menswear
Value: Undisclosed
Details: American made menswear label receives development capital.