LVMH-backed fund to buy 60% of Italian fashion label Etro: Report

French luxury giant LVMH (Bloomberg)

L Catterton, a private equity firm backed by French luxury giant LVMH, has agreed to buy a 60% stake in Italian fashion company Etro, two sources familiar with the matter said on Sunday. The deal values Etro at about 500 million euros ($590 million), the sources said, confirming reports in Italian newspapers La Repubblica and … Read more

LVMH-backed fund to buy 60% of Italian fashion label Etro-sources

LVMH-backed fund to buy 60% of Italian fashion label Etro-sources

A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian HartmannMILAN, July 18 (Reuters) – L Catterton, a private equity firm backed by French luxury giant LVMH (LVMH.PA), has agreed to buy a 60% stake in Italian fashion company Etro, two sources familiar … Read more