PARIS — Abenex Capital and L Capital, a private equity fund sponsored by Groupe Arnault and LVMH Moët Hennessy Louis Vuitton, said Tuesday they sold their stakes in Nutrition & Santé to Japan’s Otsuka Pharmaceutical Co. Ltd. Financial terms were not disclosed.
The two investment funds acquired the French firm, which bills itself as the European leader in dietetic and organic foods, from Swiss pharmaceutical group Novartis in 2006 in a leveraged buyout, according to L Capital. Abenex Capital wielded a majority stake.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"