Etro joins LVMH’s empire: after buying Tiffany’s and Birkenstock and boosting stakes in Tod’s, how much bigger is the luxury fashion empire planning to get?

L Catterton, the private equity firm backed by French luxury retailer LVMH, agreed to buy a majority stake in Italian fashion house Etro SPA.The Etro family will retain a significant minority, according to a statement from the Milan-based luxury retailer founded by Gerolamo Etro, who will be chairman.RHOBH star Erika Jayne’s 6 most outrageous purchasesFinancial terms weren’t disclosed. Italian newspaper Il Sole 24 Ore had reported L Catterton will buy a 60 per cent stake, which would value Etro…


See also  Hamasaki pregnant with second child

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.