L Catterton Asia
OVERALL |
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Owned |
USA |
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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 | website | ||||
L Catterton Management Ltd ![]() owns 100% of L Catterton Asia |
USA | website | ||||
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 | website | ||||
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
PRAISE | CRITICISM | INFORMATION | ||
L Catterton Asia | ||||
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) |
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L Catterton Management Ltd | ||||
This company is 40% owned by LVMH, which has several criticisms and an overall Shop Ethical rating of 'F'.
Source: Shop Ethical (2020) |
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 |
Subsidiaries | Seafolly Pty Ltd ![]() Swimwear Founded in 1975 by husband and wife team Peter and Yvonne Halas. L Catterton Asia acquired a 70% stake in 2014 and the remaining 30% in 2018, but in 2020 the company went into administration. - Jets Swimwear Pty Ltd ![]() Swimwear The Jets swimwear label was bought and re-launched by Jessica & Adrian Allen in 2001. Acquired by PAS Group in 2015, who sold the brand to Seafolly in 2020 while both companies were in administration. 2XU Pty Ltd ![]() 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. |
Contact Details
Address | Singapore , Singapore |
info@lcattertonasia.com | |
Website | www.lcattertonasia.com |
Products / Brands
SeafollyJets Swimwear
Jets Swimwear
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2XU
2XU Activewear |