L Catterton to invest in Etro for $352.

L Catterton, the largest global consumer-focused private equity firm, agreed to invest in Etro, a global luxury fashion house, for $352. "My family and I take great pride in having established Etro as a strong luxury brand that resonates with consumers around the globe. L Catterton has a shared vision and a unique appreciation for our business, and the firm takes the same approach to partnership our family does. After nearly 55 years under our stewardship, we believe that together with L Catterton, Etro can enter its next chapter of growth and solidify its place as one of the great, lasting luxury houses. We are thrilled to work with L Catterton's team as they bring their extensive knowledge of the fashion category, along with a proven track record of supporting the international development of distinctive brands, allowing Etro to reach new heights," Etro Gerolamo, Etro Founder and Chairman.