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L Catterton faced with a major cash crunch at A.P.C. two years after taking over the brand

The loss-making A.P.C. is planning store closures after its majority shareholder L Catterton installed a new boss.
The loss-making A.P.C. is planning store closures after its majority shareholder L Catterton installed a new boss.© Studio Pachamama

Having become the majority stakeholder in the upmarket ready-to-wear brand in the spring of 2023, the private equity firm – the result of a merger between the Arnaults' family office and the US firm Catterton Partners – is contending with a major cash flow problem at A.

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