L Catterton acquires majority stake in Stenders, marking its fourth China investment in a year.
US private-equity firm L Catterton has acquired a majority stake in Stenders, a Chinese-owned Latvian bath and body care company. This investment marks L Catterton's fourth in China within a year, totaling $200 million. Despite a decline in consumption and foreign investment, the firm sees potential in the premium segment of China's bath and body market, projected to grow to $1.2 billion by 2028.
September 10, 2024
4 Articles