By  on April 3, 2017

SYDNEY – L Catterton Asia has acquired Colombia’s Maaji Swimwear to create a merger with Australia’s Seafolly, as part of a strategy to build a global beach lifestyle retail platform generating $500 million in sales within the next five years.

The Singapore-based arm of the LVMH-backed private equity firm said Tuesday it has acquired 100 percent of the Colombian brand for 50 million Australian dollars, or $38 million (1.3 times sales and 10 times earnings), with plans to create a new yet-to-be-named combined Seafolly/Maaji group that will be headquartered in Sydney.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus