L Catterton to acquire a majority stake in A.P.C.

L Catterton, a global consumer-focused investment firm, agreed to acquire a majority stake in A.P.C., a French clothing brand. Financial terms were not disclosed. "A highly differentiated brand with a robust international strategy and sustainability at its heart, A.P.C. is praised for its authenticity, a defining attribute that nurtures the strong connection and emotional attachment from its loyal customers. We are delighted to partner with A.P.C.'s visionary founders, Jean and Judith, and talented leaders, François-Cyrille and Joël, to support its global growth while preserving its values. We are confident that with our vast global network and extensive experience building fashion brands, A.P.C. will be well positioned to continue revolutionizing the fashion industry," Eduardo Velasco, L Catterton Partner.