L Catterton has injected 1.73 million euros ($1.85 million) into Italian luxury fashion house Etro, following a 15 million euros ($16 million) capital boost last November. This recapitalization, approved by CEO Fabrizio Cardinali, involves issuing new shares and consolidates L Catterton’s control over Etro, which has reported a 17% turnover increase to 277 million euros ($295 million) and returned to profitability. The Etro family has waived its right to participate in this increase, further diluting their stake. L Catterton’s investment signals confidence in Etro’s growth potential.