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L Catterton acquires majority stake in A.P.C.

Private equity firm L Catterton has acquired a majority stake in French casualwear brand A.P.C. The LVMH-backed fund will propel A.P.C.’s international growth, which is current sold in over 70 countries and sees 80 percent of its turnover generated from regions outside France. Best known for its clean styling, denim and leather goods, A.P.C.,...