L Catterton

Private equity firm

Part owned by luxury goods giant LVMH. Owns majority stakes in three Australian clothing companies, 2XU, Seafolly and RM Williams.

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.

Clothing and footwear

In April 2013 owner and chairman Ken Cowley, a former News Limited chief executive, sold 49.9% of the company to L Capital Asia, a private equity fund sponsored by French luxury giant LVMH Group. In 2014 they increased their stake to 82%.

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.