Private equity firm
Part owned by luxury goods giant LVMH. Owns majority stakes in three Australian clothing companies, 2XU, Seafolly and RM Williams.
Company Ownership
L Catterton Asia
SGP
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
(Last updated Jan 2020)
Praise
Criticism
Information
L Catterton Asia
Praise
Criticism
Information
Controversial Seafolly deal
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.
Source: Inside Retail
(2020)
L Catterton Management Ltd
Praise
Criticism
Information
Part owned by LVMH, which has criticisms
This company is 40% owned by LVMH, which has several criticisms and an overall Shop Ethical rating of 'F'.
Source: Shop Ethical
(2020)
UN Principles for Responsible Investment signatory
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.
Source: UNPRI
(2020)
Company Details
Type:
Private company