TWC L'Amy becomes the latest fashion company to be part-acquired by the corporate venturing unit of LVMH.
L Capital, the corporate venturing fund of France-based luxury goods maker LVMH, has acquired a 35% stake in local fashion accessory company TWC L’Amy for an undisclosed sum, according to news provider WWD.com.
TWC L’Amy was created in July last year, when France-based eyewear company L’Amy was acquired by France-based accessories company TWC.
The financing will be used to expand TWC L’Amy’s work internationally, most notably in Asia. L Capital’s Singapore-based Asian division, L Capital Asia, has invested in Hong…
