Catterton Partners Invests in Baccarat

Catterton Partners Invests in Baccarat

Catterton Partners and Groupe du Louvre, a portfolio company of Starwood Capital and the majority owner of Baccarat, the luxury crystal company, today announced that shareholders of Baccarat have approved Catterton’s investment in Baccarat, and the investment has been completed.

Baccarat is a French luxury brand internationally renowned as a leader in high-end and exclusive crystal products. The brand was founded in 1764. T Baccarat is based in Paris, France (

“We are pleased to complete this investment and look forward to working with Baccarat and Groupe de Louvre as we leverage our brand, retail, and operating expertise to accelerate Baccarat’s growth and development on an international scale. Baccarat is one of the most admired luxury brands in the world, and we look forward to supporting the company’s long-term success,” said Michael Chu, Managing Partner of Catterton.

Groupe du Louvre has three primary business activities: luxury hotel business (Concorde Hotels & Resorts); budget hotel business (Louvre Hotels Group); and crystal manufacturer (Baccarat). The company is based in Paris, France (

“We are delighted to welcome Catterton as a shareholder of Baccarat. We are confident that Catterton’s global retail and supply chain expertise and strong track-record of growing consumer companies will be a great asset in accelerating the development of the company, especially on an international scale,” said Steve Hankin, Vice Chairman of Baccarat and Managing Director at Starwood Capital.

The shareholders’ meeting also approved the appointment of two partners of Catterton, Michael Chu and Neda Daneshzadeh, as Directors of Baccarat.

Founded in 1989, Catterton Partners focuses exclusively on the consumer industry. The firm invests in all major consumer segments, including Food and Beverage, Retail and Restaurants, Consumer Products and Services, and Media and Marketing Services. The firm has more than $2.5 billion in capital under management and is located in Greenwich, CT (

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