By  on September 7, 2017

HONG KONG — Private equity firm L Catterton Asia, leading a consortium of investors including Groupe Arnault, has taken a stake in Gentle Monster, the quirky eyewear brand from South Korea.

With the investment, L Catterton Asia becomes the second-largest shareholder after the brand’s founders and kick-starts a strategy to grow the company into a billion-dollar business over the next six to eight years, up from the nearly $200 million it does now.

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