L Catterton Sells Italian Luxury Bicycle Brand Pinarello, Potential Buyer Identified as Mining Magnate Ivan Glasenberg

Jul 12, 2023

Italian luxury bicycle brand Pinarello undergoes a change in ownership.
Recently, L Catterton, the largest global consumer-focused private equity firm under French luxury goods conglomerate LVMH, announced the sale of its stake in Pinarello to a private family office. This marks the end of a seven-year investment partnership.
In their statement, L Catterton stated that Fausto Pinarello, the son of Pinarello’s founder, would remain as the chairman, continuing to lead the company’s production and product development.

The Soul of Racing and Italian DNA
Pinarello’s hist …