Lion Capital, the United Kingdom private equity firm, agreed to acquire John Varvatos Enterprises, the luxury apparel retailer. Financial terms were not disclosed. “The agreements with Lion represent a critical step in our process to transform our business to drive long-term, sustainable growth. We have taken decisive action to respond to the challenges that all retailers face in the present environment and we remain extremely confident that our brand, celebrating its 20th year in business, will emerge even stronger. We have a passionate team, a fierce global consumer following and a commitment to our customers, whom we expect to serve for many years to come,”John Varvatos.