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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)