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L Catterton to Take Majority Stake in Etro

The LVMH-backed fund is reportedly acquiring a 60 percent stake in a deal that values Etro at €500 million ($590 million).
Etro store in Milan.
Etro store in Milan. (Shutterstock)

L Catterton, a private equity firm backed by French luxury giant LVMH, has agreed to buy a 60 percent stake in Italian fashion company Etro, two sources familiar with the matter said on Sunday.

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