EXCLUSIVE: L Catterton Said Set to Acquire Australia’s Jets Swimwear – WWD

Jets swimwear sonny vandevelde crop EXCLUSIVE L Catterton Said Set to Acquire Australia 8217 s Jets Swimwear 8211 WWD L Catterton is doubling down on Australian swimwear.

A week after creditors of the collapsed Australian swimwear brand Seafolly voted to approve L Catterton’s reacquisition of the brand from administration, the private equity firm linked to LVMH Moët Hennessy Louis Vuitton has agreed to buy Jets Swimwear from Australia’s listed PAS Group Ltd., which is also in administration.

Confirming an earlier report in WWD, Sydney-based administrators KordaMentha, who are still the Seafolly deed administrators and made the purchase on behalf of L Catterton, released a statement on Monday about the Jets purchase. read more

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