LVMH's PE, real estate arms to merge with Catterton
Singapore
LVMH Moet Hennessy Louis Vuitton SE, the world's largest luxury goods maker, is combining its private equity (PE) and real estate investment units with US private equity firm Catterton to form the world's largest global consumer-focused investment firm.
The combined company, L Catterton, will be 60 per cent owned by the partners of the new firm with the remainder held by LVMH and Groupe Arnault, the family holding company of LVMH chairman and CEO Bernard Arnault.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels
UBS reports first profit since taking over Credit Suisse
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
New Thai finance chief wants monetary, fiscal policies aligned
Swiss-Asia Financial Services fined S$2.5 million for money-laundering rule breaches
Singapore-based Princeton Digital gets green loan for US$1.5 billion Asia AI hub