L Catterton to Sell Ganni in up to $700 Million Deal

Private equity firm L Catterton is selling its Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters.

The firm has hired boutique investment bank Lazard to run the sale process, which has attracted interest from Chinese buyers, they said.

Non-binding bids are due by July 25, one of the sources said.

Ganni’s financial numbers have not been disclosed but the sources said…