L Catterton completed the acquisition of a 36% stake in Tod's in a €2bn deal.

L Catterton, a private equity firm, completed the acquisition of a 36% stake in Tod's, a luxury fashion house, in a €2bn deal. "At this time exiting the stock market, with which we have always had excellent relations, we believe it is the most strategically appropriate choice. Sharing this path with L Catterton, the world's leading private equity firm in the consumer goods sector, will give us the opportunity to develop further,” Diego Della Valle, Tod's CEO.