2XU
Sportswear
2XU (pronounced two times you) was founded in 2005 by Clyde Davenport, James Hunt (triathlete) and Aidan Clarke. Compression and fitness garments were designed and developed for triathlon, running, swimming and cycling. Maternity and post natal compression garments are also available. Products are distributed in 71 countries. L Catterton Asia bought a 40% stake in 2013, and the remaining 60% in 2018.

Overall

Owned USA
Rating F
About the Ratings

Company Ownership

2XU Pty Ltd
AUS
L Catterton Asia
owns 100% of 2XU Pty Ltd
SGP
Private equity firm
Part owned by luxury goods giant LVMH. Owns majority stakes in three Australian clothing companies, 2XU, Seafolly and RM Williams.
L Catterton Management Ltd
owns 100% of L Catterton Asia
USA
Private equity firm
In 2016 LVMH merged its private equity arm with American private equity company Catterton to create L Catterton.
LVMH Moet Hennessy Louis Vuitton SA
owns 40% of L Catterton Management Ltd
FRA
Luxury goods
World's largest luxury goods company. Wines and spirits, perfumes, cosmetics, fashion and leather goods, watches and jewellery, plus a retail division. Chairman Bernard Arnault and his family, through Groupe Arnault, own about 47% of LVMH.

Company Assessment

2XU Pty Ltd
Criticism
Baptist World Aid Australia's '2022 Ethical Fashion Report' assessed 120 companies on their efforts to mitigate against the risks of forced labour, child labour and worker exploitation in their supply chains, as well as protect the environment from the harmful impacts of the fashion industry. Assessment criteria fall into five main categories: policy & governance, tracing & risk, auditing and supplier relationships, worker empowerment and environmental sustainability. This company received a score of 0/100.
L Catterton Asia
Information
In 2020, L Catterton Asia-owned company Seafolly went into administration, and was bought by L Catterton Asia. While still in administration, Seafolly bought swimwear rival Jets. An unnamed source told AFR that L Catterton had driven the business into the ground and made hundreds of its workers redundant, and was now buying it back "for cents on the dollar". The source also expressed concern that the administration process was merely a formality and that the restructure had already been agreed on before the business went down.
L Catterton Management Ltd
Criticism
This company is 40% owned by LVMH, which has several criticisms and an overall Shop Ethical rating of 'F'.
Information
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.

Company Details

Type:
Private company
Revenue:
150 million AUD (2015)

Contact Details

Address:
243 Burwood Rd, Hawthorn, VIC, 3122, Australia
Phone:
03 9819 9700
Website:
www.2xu.com

Products / Brands

2XU