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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. The deal will see L Catterton Europe snap up a majority stake in Etro, while the founding Etro family will retain a “significant minority”. While further financial details weren’t shared, sources close...

19 Jul 2021