The transaction offers Secoo a chance to collaborate with existing L Catterton porfolio companies and boost its recognition internationally.
The online boutique will carry a curated selection of designer goods.
Luxury boss Bernard Arnault has drafted the heads of JD.com, Farfetch and IBM into the jury for the LVMH Innovation Award for start-ups.
JD, the number-two e-commerce company in China behind Alibaba, said the competition has tried to take brands “hostage.”
The former A|X Armani Exchange ceo is helping brands connect with the Chinese e-commerce platform.
It compares to a net loss of $315.2 million for 2016.
The two have inked an “exclusive global multiyear innovation partnership” to make stores attractive to connected Millennials in the future.