The investment company L Catterton is said to have acquired a majority stake in the Japanese denim specialist Kapital.
The transaction was carried out discreetly, without either company officially announcing the acquisition. However, Capital now appears on L Catterton’s official website under a list of the company’s majority holdings. This was first noticed by Reddit users before Berlin strretwear media Highsnobiety reported on it.
The investment year on the page was 2024 and the strategy was listed as “Asia”. Further details about the transaction were neither published nor confirmed. The motive for L Catterton to take an equity stake is unclear, but could be related to the brand’s existing relationship with LVMH, which in turn holds a majority stake in the investment company.
Capital founder Toshikiyo Hirata, who died last year, and his son Kiro were chosen by Kim Jones to collaborate on Louis Vuitton’s Spring/Summer 2013 men’s collection. The brand, which celebrates its 40th anniversary in 2026, has also found favor with celebrities such as A$AP Rocky, who was previously recognized as a fashion pioneer by LVMH.
However, it is likely that L Catterton’s interest in capital is also linked to its expansion plans in Asia, for which the company launched three new regional investment vehicles last year, one with a particular focus on the Japanese market. The company wants to drive growth in the middle market segment and buyout opportunities.
L Catterton leads, among other things, the investment and real estate businesses of the Arnault family, which owns LVMH. The company is the majority owner of well-known fashion companies such as Birkenstock, APC and Ganni.
This article previously appeared on Fashionunited.uk and was created using digital tools translated.
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