L Catterton Europe Acquires Majority Stake in Etro
July 18, 2021
L Catterton Europe has agreed to acquire a majority stake in Etro, the Milan-based luxury fashion house, while the Etro family retains a significant minority and founder Gerolamo Etro will become Chairman. The partnership aims to accelerate Etro's global expansion, strengthen its digital presence, and grow the brand across product categories and in key markets such as Asia; financial terms were not disclosed.
- Buyers
- L Catterton Europe
- Targets
- Etro
- Sellers
- Etro family
- Industry
- Consumer Products
- Location
- Lombardy, Italy
- Transaction Type
- Buyout
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