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L Catterton Looks to the Japanese Eyewear Market

4 monthes ago   |   By WWD

L Catterton has its eyes firmly on the Japanese glasses market.
The private equity giant's Asian arm has teamed with Japan's Mitsui & Co. to plow an unknown amount of cash into fast-growing Japanese eyewear retailer Owndays, whose specialty is own-brand prescription glasses. The terms of the deal were not disclosed, apart from that the current management team will continue to retain substantial equity interests and manage the company.
The investment will be used to help it increase its footprint in Asia and open 500 stores over the next five years, in addition to the 257 units it already...
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