LVMH Set Up A Fund Company To Invest And Expand Continuously.
The world's largest luxury group LVMH Mo.t Hennessy Louis Vuitton SE (MC.PA) MOET & CHANDON Hennessy LV group will set up a new investment company L Catterton, which is jointly owned by the LVMH SE group and the controlling shareholder of the group and the investment institution.
Investment
Set up.
Although LVMH SE's investment company, L Capital, is still a surprise to many people in the industry, Tang Xiaotang, founder of No Agency, a research consultancy in the luxury goods and clothing retail industry, said that the global economy is flagging and the luxury market is slowing down.
Luxury goods
A diversified investment is also a hedge against risks.
According to the statement, L Catterton will manage 12 billion US dollars.
Catterton
Management partnership Michael Chu and Scott A. Dahnke management.
Due to the establishment of a new fund, the L Capital, established in 2001 and the L Capital Asia in 2009, will also be cancelled and merged into L Catterton. L Capital management partner Daniel Piette will have another appointment in the group.
The Catterton, headquartered in Greenwich Greenwich, has previously managed $5 billion 500 million in assets, including Peloton Interactive Inc., UK sports brand Sweaty Betty, American Chinese food chain brand P.F. Chang, and toy retailer Build-A-Bear Workshop Build-A-Bear.
L Capital's Asia branch L Capital Aisa has invested more than clothing in entertainment and entertainment in the past two years.
Groupe Arnault is not only the controlling shareholder of LVMH SE group, but also the family holding company of LVMH SE Group Chairman and chief executive Bernard Arnault. It is alleged that LVMH SE and Groupe Groupe will be major shareholders of the company and share a total of 60%.
Bernard Arnault said in joint venture statement that L Catterton will provide investors with unique value platform.
Bernard Arnault said that the origin of LVMH SE and Groupe Arnault and Catterton can be traced back to 1998, and the two companies under their control invested in Catterton's funds.
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