According to the Wall Street Journal, the French-American investment fund co-founded by LVMH is reportedly considering an IPO that could take place this summer. L Catterton could be valued at more than $3 billion.
The company controlled by Jaime Bergel, who owns a 70% majority stake, has launched the sale of its holding together with Arcano Partners. El Corte Inglés will be among the potential interested parties.
Marcella Wartenbergh is to become the new chief executive of Pepe Jeans Group, taking over from group founder and shareholder Carlos Ortega. She joins from PVH Corp, which owns Tommy Hilfiger and Calvin Klein.
The brand’s co-founder tells FashionNetwork.com about the evolution of its strategy, marked by fewer store openings, investment in digital, stock management and its new design team after returning to family ownership.
Asians catching up on the West’s obsession with health and wellness is a trend that has created attractive investment opportunities, Ravi Thakran, a regional LVMH boss, told a luxury conference on Tuesday.