- Angela Gonzalez-Rodriguez |
LVMH´s investment arm, L Capital, has announced the acquisition of half of the ready-to-wear Ba&sh label for an undisclosed amount.
According to a statement issued by the fund L Capital, established in 2001 under the sponsorship of LVMH and Group Arnault, the founder of the brand, Barbara Boccara and Sharon Krief, and Vog Group, which invests in fashion, will retain the remaining 50 percent stake.
Both companies explained that, thanks to this transaction, subject to regulatory approvals, Ba&sh "is to confirm its success in France and accelerate its international expansion."
Founded in 2003, Ba&sh is present in France through 60 outlets.