A.P.C sells majority stake to expand international footprint

Global investment firm L Catterton will acquire a controlling stake in French clothing brand Atelier de Production et de Création (A.P.C.) for an undisclosed amount.

The founders of A.P.C. Jean Touitou and Judith Touitou will continue to hold a significant minority in the firm and hope the partnership will increase the brand’s international presence.

Following the close of the transaction, current chief executive François-Cyrille de Rendinger will serve as president and current deputy chief executive Joël Sraer will serve as chief executive.

Over 80 per cent of A.P.C.’s sales come from outside of France and the firm has around 100 retail stores. Online sales account for around 30 per cent of revenue and the brand has a presence in 10 different countries.

Commenting on the news Eduardo Velasco, a partner in L Catterton Europe, said, "We are delighted to partner with A.P.C.'s visionary founders, Jean and Judith, and talented leaders, François-Cyrille and Joël, to support its global growth while preserving its values. We are confident that with our vast global network and extensive experience building fashion brands, A.P.C. will be well positioned to continue revolutionizing the fashion industry."

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