l catterton to buy majority stake in italian luxury brand etro

L Catterton to buy majority stake in Italian luxury brand Etro

Sumary of L Catterton to buy majority stake in Italian luxury brand Etro:

  • Private equity firm L Catterton, whose apparel investments include Sweaty Betty, Ganni and Pepe Jeans, is to acquire Italian luxury label Etro.
  • “My family and I take great pride in having established Etro as a strong luxury brand that resonates with consumers around the globe,” he said in a statement.
  • Gerolamo Etro said that with the help of LVMH-backed L Catterton, he believes Etro “can enter its next chapter of growth and solidify its place as one of the great, lasting luxury houses”.

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