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Jun 30, 2022
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L Catterton to sell Danish fashion brand Ganni in up to $700 million deal, sources say

By
Reuters API
Published
Jun 30, 2022

Private equity firm L Catterton is selling Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters.


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The firm has hired boutique investment bank Lazard to run the sale process, which has attracted interest from Chinese buyers, they said.

Non-binding bids are due by July 25, one of the sources said.

Ganni's financial numbers have not been disclosed, but the sources said a deal could value the fashion house at between $500 million and $700 million.

Ganni said there is no sale the company could comment on. Lazard declined to comment and L Catterton did not immediately respond to a request for comment.

Founded in 2000, Ganni offers women's ready-to-wear clothing and has established an international presence through its owned stores and more than 400 premium retailers in 20 countries.

It also sells through various digital retailers.

L Catterton, which focuses on the consumer sector globally, bought a majority stake in Ganni in 2017 and has since helped the brand to expand internationally.

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