Equinox Fitness receives minority investment from L Catterton
Equinox Fitness Clubs is the latest company to receive an investment from L Catterton. The private equity firm that was formed through a partnership between Catterton, LVMH and Groupe Arnault announced on Tuesday a significant minority investment in the luxury fitness company.
L Catterton this year has invested in Tula skincare, menswear brands Rhone Apparel and Mizzen + Main, bikini brand Maaji, and cosmetics brand Il Makiage.
The firm’s latest investment, Equinox, is a pioneer in the luxury fitness industry. Founded in 1991, Equinox offers bespoke movement, nutrition and regeneration services, as well as activewear apparel from brands such as Lululemon and Anthony Thomas Melillo. The fitness company also launched Rhone Apparel popups at 11 Equinox locations in the US.
"Partnering with L Catterton, which has unparalleled expertise and institutional knowledge of the consumer space, is a resounding endorsement of the strong positioning and performance of our brand," said Harvey Spevak, Executive Chairman and Managing Partner of Equinox.
"Equinox has never been in greater demand. This investment will allow us to continue our rapid growth and achieve our long-term strategic initiatives to provide exceptional, high performance lifestyle clubs across the U.S. and globally."
The terms of the transaction were not disclosed.
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