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News

LVMH PE firm invest in Flexjet

Reuters on MSN · 14h
Flexjet valued at $4 billion after securing funding from LVMH-backed private equity firm
Private jet flight provider Flexjet said on Monday it had raised $800 million in a funding round led by L Catterton, a private equity firm backed by LVMH , valuing the company at $4 billion just a couple of years after a botched deal with Todd Boehly’s SPAC.
Forbes · 13h
LVMH And Arnault Join Private Jet Fray Via $800 Million Flexjet Investment
Two of the world's 10 richest men will be squaring off in the battle for UHNW private jet clients. Bernard Arnault via Flexjet will be competing against Warren Buffett's NetJets.
CNBC on MSN · 23h
LVMH-backed investor group takes 20% stake in private jet company Flexjet
The deal highlights the luxury industry's rapid expansion into the experience economy as wealthy consumers increase spending on travel, dining and events.
ch-aviation
13h
US's Flexjet raises $800mn from LVMH-backed consortium
Flexjet (LXJ, Cleveland Cuyahoga Country) has secured USD800 million in a funding round led by United States-based private ...
6don MSN
LVMH's luxury label Loro Piana placed under court monitoring over alleged labor abuse, undocumented workers
LVMH-owned Loro Piana becomes fifth Italian brand facing judicial oversight amid crackdown on exploitation of illegal workers ...

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