Ben & Frank Announces Investment by L Catterton
Summary
MEXICO CITY and NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Ben & Frank (the "Company"), a leading direct-to-consumer ("DTC"), omnichannel eyewear brand, today announced that it has received a strategic investment from the Latin America fund of L Catterton, the largest global consumer-focused private equity firm. We intend to leverage L Cattertons operational and branding expertise as we continue providing consumers a best-in-class omnichannel shopping experience, from our site to our stores," added Eduardo Paulsen, Co-CEO of Ben & Frank. "Ben & Frank represents a compelling opportunity to invest in a high-growth, leading, omnichannel eyewear brand with tremendous potential ahead," said Julio Babecki, Managing Partner, L Catterton Latin America. "With its seamless direct-to-consumer strategy, Ben & Frank has eliminated intermediaries, enabling the Company to elevate customer experiences and offer attractive glasses at accessible price points." "Together with Mariana and Eduardo, we are excited to build on the Companys significant momentum, accelerate growth, and strengthen its brand leadership across Latin America," said Farah Khan, Partner at L Catterton.