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Agenda-setting intelligence, analysis and advice for the global fashion community.

Can L Catterton Scale Kapital Without Sacrificing Its Soul?

The cult Japanese label known for craftsmanship and individuality is an unprecedented M&A target that presents unique challenges and opportunities for growth.
Kapital, a Japanese label founded in 1985, has amassed a global cult following for meticulously crafted Japanese denim and Americana-inspired apparel.
Kapital, a Japanese label founded in 1985, has amassed a global cult following for meticulously crafted Japanese denim and Americana-inspired apparel. ( Edward Berthelot )

When news spread this weekend that the

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Further Reading

L Catterton: Finding Value in a Tough Market

Nikhil Thukral, managing partner at the LVMH-affiliated private equity fund, talks about the ingredients of winning companies, the dynamics challenging fashion's incumbents and how economic shifts are shaping investor strategies in the BoF-McKinsey State of Fashion 2025.

Is It Time for Supreme to Sell Out?

Supreme’s adherence to its business model of drops and scarcity might now be constraining its growth rather than driving it. It might be the moment for the streetwear pioneer to give in and go fully mass-market.

How to Save a DTC Brand Without Crushing Its Soul

The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.

About the author
Lei Takanashi
Lei Takanashi

Lei Takanashi is a Correspondent at The Business of Fashion (BoF). He is based in New York City and covers menswear, streetwear, young consumer trends, and the intersection between fashion and culture.

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