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L Catterton Said to Mull Japanese Eyewear Chain Owndays Sale
L Catterton Said to Mull Japanese Eyewear Chain Owndays Sale Bloomberg 1/27/2021 Elffie Chew and Vinicy Chan © Bloomberg Tokyo Tower, middle, and buildings are lit up in Tokyo, Japan, on Friday, Dec. 25, 2020. Japan s infrastructure is already one of the world’s safest and investment in mitigating natural disasters is ramping up. (Bloomberg) L Catterton Asia Advisors, the Asian arm of the namesake consumer-focused buyout firm, is exploring a sale of Japanese eyewear retailer Owndays Inc., people with knowledge of the matter said. Popular Searches L Catterton Asia has invited investment banks to submit proposals and will soon pick an adviser, said the people, who asked not to be identified as the information is private. The private equity firm is considering to divest the asset with its partner Mitsui & Co. in a sale that could fetch about $300 million, the people said.
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