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Business

L Capital Asia acquires controlling stake in Seafolly

L Capital Asia, the private equity fund driven by luxury conglomerate LVMH, has taken a majority stake in Australian swimwear label Seafolly for an disclosed amount, following weeks of speculation. “Our partnership with L Capital cements plans for international expansion and the development of Seafolly into a full lifestyle brand,” commented...

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Fashion

LVMH to invest $650 million in Asian companies

International private equity fund L Capital, backed by LVMH Group, has just launched its fourth private equity fund worth $640 million for investments in sectors like consumer brands, lifestyle retail, media and entertainment in China, India, Southeast Asia and the Middle East. L Capital Asia is LVMH’s $650 million equity fund that was launched...

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