Private equity firm L Catterton is said to be in the midst of selling Danish fashion brand Ganni in a deal that could potentially reach as high as $700 million, according to sources familiar with the matter. Boutique investment bank Lazard has been reportedly hired to facilitate the sale, and there has been significant interest from Chinese buyers. The deadline for non-binding bids is set for July 25. While the financial details of Ganni have not been publicly disclosed, insiders speculate that the sale could value the brand between $500 million and $700 million.

Established in 2000, Ganni has gained global recognition for its women’s ready-to-wear clothing and has a strong presence in over 400 premium retailers across 20 countries, as well as its own stores. The brand also sells its products through various online retail platforms. L Catterton, a private equity firm specializing in the consumer sector, acquired a majority stake in Ganni in 2017 and has played a pivotal role in driving the brand’s expansion into international markets.

While Ganni has yet to make an official statement regarding the potential sale, it is worth noting that L Catterton has not responded to requests for comment. Lazard, the investment bank overseeing the sale process, has chosen not to provide any statements. The sale of Ganni presents an opportunity for the brand to attract further investment and continue its growth trajectory in the highly competitive fashion industry.

Useful links:
1. https://www.ganni.com/ – Ganni’s official website where customers can explore their latest collections and shop online.
2. https://www.lcatterton.com/ – L Catterton’s official website provides information on their investments and expertise in the consumer sector.