Sasseur Archives - Inside Retail Asia
International private equity firm L Catterton has substantially divested from Chinese mall operator Sasseur Cayman Holding.
LVMH’s Singapore-headquartered L Capital is one of six private equity companies merged into what will be the world’s largest consumer-focused investment firm.
The world’s largest luxury brand owner LVMH is to take a cornerstone stake in a unique, upmarket outlet mall business in China, Sasseur. The investment will come via its Singapore-based L Capital Asia investment arm, which specialises in identifying upcoming brands and providing venture capital for their growth and market development. L Capital Asia will invest more than US$100 million in Sasseur Cayman, which owns four outlet malls, representing the fund’s second biggest investment in C…