'Giuseppe Zanotti buys back minority stake from L Catterton'

Designer Giuseppe Zanotti has repurchased the minority stake in his namesake brand from investment firm L Catterton, WWD reports. Financial details of the transaction were not disclosed.

In 2014, Zanotti sold a 30 percent stake in his brand to L Capital Management and L Capital Asia, then the private equity arms of luxury conglomerate LVMH. The majority stake remained with the founder. Today, WWD announced that Zanotti, known for his feminine footwear designs, has bought back the minority stake from L Catterton.

Last year, the brand celebrated its 30th anniversary with a limited-edition capsule collection featuring the Ring sandal, a design with a crystal-embellished band around the big toe and a slender strap across the mid-foot. Giuseppe Zanotti is a favorite among celebrities such as Nicole Kidman, Cate Blanchett, and Taylor Swift.