LVMH-backed fund to step up investments in Japan: co-CEO

L Catterton to help promising brands expand, tapping luxury group's network

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LVMH-affiliated investment fund L Catterton entered Japan in 2018. © Reuters

OKI HIDAKA and TAIZO WADA, Nikkei staff writers

TOKYO -- L Catterton, the investment firm backed by French luxury goods giant LVMH, is planning to expand its portfolio in Japan, with hopes of leveraging LVMH's know-how to boost the earnings of target companies.

Indicating the plans in an interview with Nikkei, co-CEO J. Michael Chu said the firm was "very risk-on in terms of the Japanese market," but refrained from discussing details.

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