SYDNEY — LVMH Moët Hennessy Louis Vuitton-backed L Capital Asia has bought 40 percent of Melbourne-based technical sportswear manufacturer 2XU, making its second investment in Australia in eight months.
The Australian company and its existing equity partner Lazard Australia Private Equity announced the news Monday. They did not dispose a price for the deal but sources said the stake is worth approximately 75 million Australian dollars, or $68.3 million at current exchange.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)