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 get together formally introduced the deal; the funding turned broadly recognized solely after customers on Reddit seen L Catterton had added Kapital to an internet site itemizing manufacturers wherein it has a majority curiosity. Highsnobiety then reported on the deal, which seems to have taken place final yr.
Kapital’s new majority stakeholder arrives shortly after its founder, Toshikiyo Hirata, handed away in April 2024. In the present day, Kapital has established a cult following amongst menswear fans 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 time 2013 assortment. Whereas celeb followers of Kapital, similar to Travis Scott and A$AP Rocky, have elevated the model’s profile lately.
L Catterton, backed by LVMH and Groupe Arnault, the household holding firm of LVMH proprietor Bernard Arnault, has been concerned in lots of style’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 yr, and has made quite a few different investments in style and sweetness, in addition to residence items, eating places and even pet meals.
Be taught extra:
The Funding Large Behind A few of Style’s Greatest Offers
L Catterton, the private-equity agency with shut ties to LVMH and Bernard Arnault that’s making ready to take Birkenstock public, has turn out to be an funding large within the consumer-goods area, with stakes in firms promoting every part from style to pet meals to tacos.
