L Catterton, the private equity firm backed by French luxury fashion house LVMH, agreed to acquire a 42% stake in Value Retail, an outlet mall landlord, from Hammerson, a shopping centre owner, for £600m. "This is a transformational deal for Hammerson, generating cash proceeds of c.£600m whilst removing an overweight, low yielding and minority stake, and positioning us for accelerated growth and value creation," Rita-Rose Gagné, Hammerson CEO.