Attributed to LVMH’s recent financial successes.
L Catterton will pay €4 billion EUR for the previously family-owned business.
Alongside Louis Vuitton top executive, Anthony Ledru.
12 million people owe roughly $6,000 USD in back rent.
Taking $425 million USD off the original price.
The company is now forced to amend its debt agreements.
“Down 15% compared to the same period in 2019.”
Financing the first 10 million itself.
Enlisting its cosmetics and perfume factories.
Fashion and leather goods account for over 40 percent of that.