Flexjet (LXJ, Cleveland Cuyahoga Country) has secured USD800 million in a funding round led by United States-based private equity firm L Catterton, backed by French holding company LVMH, with participation from affiliates of KSL Capital Partners LLC and J Safra Group.

“L Catterton, with its special relationship with LVMH and its family of brands, provides the perfect opportunity for collaborating in areas such as consumer insights, brand strategies, retail expansion, and luxury product delivery,” said Kenn Ricci, Flexjet’s…

Source: ch aviation
Read more: US's Flexjet raises 0mn from LVMH-backed consortium