JOTT, a French casual outerwear brand, has announced that L Catterton has acquired a controlling interest in the company. The financial terms of the deal have not been disclosed. The Gourdikian family, which founded and manages JOTT, will continue to hold a “significant equity interest” in the business. JOTT, best known for its light down jackets, was founded in Marseille in 2010 by two cousins, Nicolas and Mathieu Gourdikian. The name is the acronym for Just Over The Top. Today the brand is distributed through 100 concept stores across France, Spain, Portugal, Benelux, Switzerland and China, and is present in more than 1,000 point of sales globally. According to Patrick Gourdikian, JOTT president, the partnership with L Catterton will help JOTT to further develop the brand’s footprint across Europe and Asia. In conjunction with the announcement of the investment, Didier Lalance has been appointed CEO of JOTT. Lalance has nearly 30 years of management experience, with a strong track record of growth at apparel and luxury brands including Lacoste, Kering and Asics. L Catterton is a private equity firm that operates an equity capital of $20 billion and is linked to LVMH. In January 2016, Catterton, LVMH, and Groupe Arnault, which is the family holding company of Bernard Arnault, partnered to create L Catterton. The new entity combined Catterton’s existing North American and Latin American private equity operations with LVMH and Groupe Arnault’s existing European and Asian private equity and real estate operations.