Ganni gets strategic investment from L Catterton.

Ganni, a Copenhagen, Denmark-based company managing a fashion brand operation, announced getting into an investment agreement with with US-based investment firm L Catterton.

The financial details of the transaction remain undisclosed.

Ganni, founded in 2000 and owned and run since 2009 by husband-and-wife team creative director Ditte Reffstrup and CEO Nicolaj Reffstrup, created one of Scandinavia's most successful advanced contemporary fashion brands. The company sells through 400 retailers from 20 countries, as well as through 21 concept stores across Denmark, Norway and Sweden.

The deal makes sense as L Catterton has a good network in the fashion space.

L Catterton is a private equity entity that was created in January 2016 as a joint venture between Catterton, the leading consumer-focused private equity firm; LVMH, the Paris-based conglomerate owning famous brands such as Louis Vuitton or Givenchy, and Groupe Arnault, the family holding company of Bernard Arnault (chairman of LVMH).