LVMH ACQUIRES A MAJOR STAKE IN KAPITAL

L Catterton, the private equity firm backed by LVMH, has acquired a majority stake in the Japanese fashion brand KAPITAL. The investment, confirmed on L Catterton’s website with a 2024 investment year, comes ahead of KAPITAL’s 40th anniversary in 2025. The exact financial details of the deal have not been disclosed. 

Founded in 1985 by Toshikiyo Hirata in Kojima, Okayama Prefecture—known as Japan’s “Denim Capital”—KAPITAL has garnered a cult following for its high-quality denim and Americana-inspired garments. The brand is renowned for its eclectic designs and traditional textile techniques, including sashiko and boro. Following Hirata’s passing in April 2024, his son, Kiro Hirata, continues to lead the brand as creative director. 

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This strategic partnership with L Catterton is expected to support KAPITAL’s growth and expansion, leveraging LVMH’s extensive experience in the luxury fashion industry. The acquisition aligns with L Catterton’s broader strategy of investing in distinctive fashion brands, aiming to enhance KAPITAL’s global presence while preserving its unique heritage and design philosophy.