The amount of the deal – subject to completion of certain closing conditions – was not disclosed.
Through this partnership, both L Catterton and current shareholder Grupo de Narváez plan to accelerate the expansion of the Rapsodia brand across Latin America and internationally.
Established in 1999 by Josefina Helguera, Sol Acuña, and Francisco de Narváez, Rapsodia is a premium hippie-chic inspired womenswear label, currently operating 90 stores across six Latin American countries—Argentina, Mexico, Chile, Uruguay, Colombia, and Paraguay and four product lines: Women, Intimates, Girls, and Home.
The brand is characterized by a boho-chic, romantic style. It offers an eclectic product portfolio that collects several patterns and a varied range of colors and textures. Each collection is inspired in differ rent cultures and decades, art, music, and world travel.