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L Catterton of LVMH takes over the Milanese brand Etro

L Catterton of LVMH takes over the Milanese brand Etro

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On Sunday, L Catterton, a private equity firm co-founded by French luxury group LVMH, decided to buy a 60% stake in Italian fashion brand Etro.

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The deal would value Etro at around €500 million, the sources said, confirming information published by Italian newspapers La Repubblica and Il Sole 24 Ore.

 

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Featured photo: © Etro

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