October 10, 2017, LVMH Group led the world's largest consumer goods company L Catterton United Latin American lifestyle and women's brand Rapsodia shareholders Grupo de Narváez, Sol Acu? A and Josefina Helguera together with the acquisition of Argentina's underwear brand Caro Cuore, the amount of the acquisition has not yet been disclosed.
According to the Argentinean media La Nacion, Caro Cuore is the leading brand in the field of underwear, co-founded by Rosa Pankiewicz and her brother Adolfo Pankiewicz and Claudio Drescher in 1969. Today, the brand has opened 307 stores worldwide, Marketing in Saudi Arabia, South Africa, Mexico, Portugal and Venezuela and other countries and regions.
Upon completion of the acquisition, the Caro Cuore Group will further expand in the Argentinean and overseas markets by introducing new product lines, accelerating the expansion of the business channel and opening new stores.
"The Caro Cuore is a brand that has a unique location and is highly appreciated by consumers," said Francisco de Narváez, president of Grupo de Narváez. "With the completion of this acquisition, we will take the first step in the area of apparel.
Lroke Donore, senior management partner in Latin America, said: 'Caro Cuore changed the rules of the Argentinean underwear industry. In view of its good reputation, Caro Cuore has a very good development space both in the region and around the world. Argentina 's ability to design talent and export brand advantage to the world.
In fact, L Catterton announced in February this year the growth of Rapsodia equity investment, which is L Catterton Latin America Fund in Argentina's first investment, while the Fund in Latin America's fourth investment (see " And so on), and therefore L Catterton and Rapsodia shareholders Grupo de Narváez, Sol Acu? A and Josefina Helguera formed a close contact to promote the acquisition of the Caro Cuore.
L Catterton in Latin America, the other details of the acquisition of "gorgeous" related reports:
Private equity fund L Catterton invests in Brazil's largest laser hair removal company Espa? Olaser
Latin America's second-largest fitness company, Bodytech, has acquired additional investment from private equity firm L Catterton
About L Catterton
In 2016, LVMH announced that it has acquired its private equity and real estate investment firm L captial, merging with American private equity firm Catterton to form L Catterton, becoming the world's largest consumer-centric private equity firm, which has so far accumulated in the global consumer goods sector Carried out an investment of over $ 14 billion.
L Catterton invests in major consumer sectors, including food and beverage, retail and catering, consumer health, media and marketing services, and real estate projects.
L Catterton North American Growth (for $ 10 million to $ 50 million in North America) for L Catterton Flagship Buyout ($ 50 million to $ 400 million medium-sized companies in North America and Europe) ($ 40 million to $ 75 million in medium-sized firms), L Catterton Europe (investing in mid-range € 25 million to € 75 million for medium-sized enterprises in Western Europe), L Catterton Latin America Located in London, Paris and Milan), L Catterton Asia (investing in Asian $ 50 million to $ 150 million medium-sized enterprises, investing primarily in local and regional brands, retail and distribution business entities) and L Catterton Real Estate (as Common developers to luxury goods retail mainly large and comprehensive investment projects).
About Grupo de Narváez
Founded in 1999 by Francisco de Narváez, Josefina Helguera and Sol Acu? A, is a well-known family business in Argentina, specializing in the retail and consumer goods industry, specializing in the operation and production of supermarkets and pharmacies in Latin America, Sales, the Group's total of 14,000 employees.
