Etro, the global luxury fashion house, announced that Fabrizio Cardinali will be appointed as Chief Executive Officer, effective fourth quarter 2021. Cardinali brings to Etro more than 25 years of strategic leadership expertise and an unmatched track record of driving international brand growth in the luxury fashion space. He joins Etro luxury brand … Read more
Etro Announces Strategic Partnership with L Catterton Europe. Etro, the global luxury fashion house, has entered into a binding agreement to partner with L Catterton, the largest global consumer-focused private equity firm. Under the terms of the agreement, L Catterton Europe will acquire a majority stake in the Company, while the Etro family will … Read more
L Catterton, the private equity firm backed by Bernard Arnault’s LVMH, has agreed to buy the German footwear group Birkenstock in a deal that values the company at about €4bn. Birkenstock brothers retain stake in the company. Global lifestyle brand Birkenstock has reached an agreement to sell a majority stake in Birkenstock Group … Read more
The L’OCCITANE Group to Acquire ELEMIS for $900 Million. L’Occitane is making a major step forward in building a leading portfolio of premium beauty brands. Natural cosmetics group L’Occitane announced that it has entered into a definitive agreement to acquire luxury British skincare brand ELEMIS for $900 million in cash. ELEMIS is being sold … Read more
The private equity arm of the largest luxury conglomerate merges with Catterton. Rather than compete, LVMH luxury giant, buyout firm Catterton and Groupe Arnault, the family holding company of Bernard Arnault, announced a partnership for investments. The new partnership will combine Catterton’s existing North American and Latin American private equity operations with LVMH and Groupe … Read more