L Catterton is getting ready to bid adieu to John Hardy and has tapped Evercore to explore a sale of the company, according to sources.
The investorand installed former American Eagle Outfitters chief executive officer Robert Hanson as CEO.
Hanson focused on developing the brand’s direct-to-consumer retail and e-commerce businesses and bolstering global operations. He passed the CEOThe sale process, which was first reported by Bloomberg, is said to have piqued the interest of both strategic buyers and other private equity firms. has become a closely watched category in dealmaking, particularly since the pandemic saw increased spending in the category.
LVMH Moët Hennessy Louis Vuitton, which has a stake in L Catterton, has also been expanding in, especially through its acquisition of Tiffany & Co.was founded by Canadian designer John Hardy in 1975, after he visited Bali and struck up a collaboration with the island’s artisans.
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