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LVMH PE firm invest in Flexjet

Reuters on MSN · 20h

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.

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 · 1d

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.

Crain's Cleveland Business4h

Flexjet raises $800 million in largest equity financing deal ever in private aviation

According to Jefferies Group, the investment marks the largest-ever equity fundraise in the private aviation space. The ...

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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