LVMH-Backed L Catterton Acquires Majority Stake in KAPITAL

L Catterton, the LVMH (Moët Hennessy Louis Vuitton SE)-backed private equity firm, has acquired a majority stake in the Japanese brand KAPITAL.The firm's website confirms a 2024 investment year although the exact amount of the majority stake was not disclosed. The strategic partnership between L Catterton and KAPITAL was announced ahead of the brand's 40th anniversary in 2025 and under a year since the death of founder Toshikiyo Hirata in April 2024.KAPITAL was formally founded in 1985 in Kojim...