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L Catterton Asia and Mitsui & Co., Principal Investments Ltd. invest in OWNDAYS

awowndays

L Catterton had shown its interest in eyewear by investing in Gentle Monster. OWNDAYS is the first investment in a Japanese company for L Catterton Asia.

OWNDAYS is an international optical retail concept founded in Tokyo, Japan. It currently has more than 120 stores in Japan and has successfully established stores in 10 overseas countries in Asia-Pacific.

SEE ALSO : L Catterton Asia invests in Gentle Monster

The current OWNDAYS management team headed by President and CEO Shuji Tanaka will continue to hold a substantial stake and to manage OWNDAYS hereafter.

Leveraging on the global network, insight into retail & consumer goods industry and management-improvement capabilities of LCA and MCPI, OWNDAYS will continue to deepen its unique corporate culture, as well as to enhance its corporate value.

The company aims to become the leading optical retail player both in Japan and across Asia with over 500 stores in the next 5 years. In Hong Kong, they have just started an aggressive plan to roll out stores in joint venture with Bluebell.

With over $15 billion of equity capital across six fund strategies in 17 offices globally, L Catterton is the largest and most global consumer-focused private equity firm in the world.

Since 1989, the firm has made over 200 investments in leading consumer brands. L Catterton was formed through the partnership of Catterton, LVMH and Groupe Arnault.

SEE ALSO : EXCLUSIVE INTERVIEW : RiA meets OWNDAYS’ CEO

MCPI was established in May 2003 as a private equity arm backed by Mitsui & Co. group, and follows Mitsui’s slogan “Challenge and Innovation” in its engagement in the investment business. MCPI makes private equity investments both in Japan and overseas, providing managerial support to increase corporate value.

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