Singapore-based L Capital Asia, the corporate venturing fund representing French luxury consumer brands conglomerate LVMH and Malaysia-based YTL Corp Bhd, has taken a 40% stake in the Australian sports brand 2XU.
Local media puts the value of the deal at A$80m ($72.8 m).
2XU executive chairman and co-founder of 2XU, Clyde Davenport, statee, “We are thrilled to have L Capital Asia as a partner. We believe that its experienced international team will accelerate us towards our goal of becoming Australia’s…
