The $437 million deal to take Perry Ellis private is expected to close in four months.
The sale of a minority stake to an equity fund means there are few fashion firms remaining in Italy that are wholly family-owned.
Centric’s solutions package helps fashion firms speed up the design process.
FSI Mid-Market Growth Equity Fund, which involves former Ferragamo ceo Michele Norsa, will take a minority stake in the brand.
The billionaire real estate developer also owns Harrys of London and Richard James.
Jensen will remain a consultant and also take up a new career in academia.
The fashion group has entered exclusive talks with Weinberg Capital Partners and Groupe Philippe Ginestet for the sale.
Edward S. Lampert, chairman and ceo at Sears, is looking to talk to partners about acquiring Kenmore and other assets.
The cluster of new investors will together own 12 percent of the fast-growing French skiwear brand.
The Committee said no decision has been made yet.
The market is “at an inflection point expected to exhibit exponential growth,” L Catterton Asia’s Narayan Ramachandran said.
The deal covers 1,600 points of sales across 300 cities in China.