L Catterton to take majority stake in A.P.C.

Private equity firm L Catterton has acquired a majority stake in French casualwear brand A.P.C.

The LVMH-backed fund will propel A.P.C.’s international growth, which is current sold in over 70 countries and sees 80 percent of its turnover generated from regions outside France.

Best known for its clean styling, denim and leather goods, A.P.C., which stands for Atelier de Production et de Création, was founded in 1987 by Jean Touitou.

Mr Touitou and his partner Judith Touitou will continue to be minority shareholders.

A statement by L Catterton said Jean and Judith built the success of A.P.C. through constant attention to quality, creativity, accessibility and audacity.

They have thus attracted the support of many artists and celebrities but have also built a loyal and dynamic community of customers of all ages.