Now Reading
L Catterton Is Selling Ganni For $700M

L Catterton Is Selling Ganni For $700M

L Catterton Is Selling Ganni For $700M

L Catterton is looking to sell its Danish subsidiary Ganni in a deal that could fetch as much as $700 million.

To handle the sale, the private equity firm is working with boutique investment bank Lazard, which is accepting the non-binding bids until July 25. According to reports, the sale is attracting interest from several Chinese buyers.

The brand is expected to perform particularly well in the Chinese market as it strikes the right balance between lifestyle, fashion, and affordable price points, making it more commercially viable.

“If you are a mass brand, it’s more about consumer insights and marketing approaches,” said Pascal Martin, OC&C Strategy Consulting partner, in an interview with WWD. “Then the challenge is to really have the capability to scale and expand. The emphasis is much more on having a very strong operational capability.”

While the financial performance of Ganni is not public knowledge, sources close to the matter indicate that the deal will likely value the women’s wear brand between $500 million to $700 million.

Since being founded in 2000, Ganni has grown to become an internationally recognized brand, with a presence in 20 countries. The brand sells its ready-to-wear products through its stores and through more than 400 premium retailers around the world, Reuters reported.

Ganni’s global expansion came after L Catterton acquired a majority stake in the brand in 2017.

Scroll To Top