Kapital, a 30-year-old Japanese model recognized for handcrafted and elevated denim, has not too long ago taken majority funding from the LVMH-affiliated PE agency L Catterton.
Neither social gathering formally introduced the deal; the funding turned extensively recognized solely after customers on Reddit seen L Catterton had added Kapital to an internet site itemizing manufacturers during which it has a majority curiosity. Highsnobiety then reported on the deal, which seems to have taken place final 12 months.
Kapital’s new majority stakeholder arrives shortly after its founder, Toshikiyo Hirata, handed away in April 2024. As we speak, Kapital has established a cult following amongst menswear fanatics for its Japanese Boro denim and Americana-inspired wares. Though the label has restricted distribution (with its retail shops solely being situated in Japan) its fanbase is international. Kim Jones notably collaborated with Kapital for Louis Vuitton’s Spring/Summer season 2013 assortment. Whereas superstar followers of Kapital, corresponding to Travis Scott and A$AP Rocky, have elevated the model’s profile in recent times.
L Catterton, backed by LVMH and Groupe Arnault, the household holding firm of LVMH proprietor Bernard Arnault, has been concerned in a lot of trend’s greatest offers since its formation in 2016. It took Birkenstock public in 2023, and purchased a majority stake within the French label A.P.C. that very same 12 months, and has made quite a few different investments in trend and sweetness, in addition to house items, eating places and even pet meals.
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The Funding Large Behind A few of Trend’s Greatest Offers
L Catterton, the private-equity agency with shut ties to LVMH and Bernard Arnault that’s getting ready to take Birkenstock public, has turn out to be an funding large within the consumer-goods house, with stakes in firms promoting the whole lot from trend to pet meals to tacos.
