Key Facts
• Louis Vuitton-backed U.S. fund L Catterton to acquire Sekikagu in Fukuoka, Japan.
• Acquisition cost estimated at several billion yen; majority shares to be obtained by month-end.
• Sekikagu, founded in 1968, supplies furniture to 4,700 stores nationwide and sells its own brand.
• L Catterton plans to strengthen sales to commercial facilities and restaurants.
• Tokyo office staffing expansion under consideration.
• Sekikagu CEO Hideki Haruta aims for long-term growth and enhanced corporate value.
Summary
L Catterton, a U.S. investment fund backed by luxury brand Louis Vuitton, has announced plans to acquire Sekikagu, a leading furniture wholesaler based in Fukuoka, Japan. The acquisition, valued at several billion yen, is expected to be finalized by the end of the month with the fund obtaining a majority stake. Established in 1968, Sekikagu supplies furniture to approximately 4,700 stores across Japan and operates its own brand. L Catterton aims to enhance its sales to commercial clients and expand staffing at its Tokyo office. CEO Hideki Haruta expressed commitment to achieving long-term growth and increasing corporate value.
