L Catterton, a leading global investment firm focused on the consumer sector, has announced the completion of its majority stake acquisition of Latvian premium bath and body care brand Stenders. Established in 2001, Stenders sells its products in 20 countries and regions worldwide. Against the backdrop of long-term growth in the bath and body care market, this acquisition will further strengthen Stenders’ industry influence and accelerate its global expansion in Asia, Europe, the Middle East, and the US. Data shows that Stenders’ global revenue has grown by approximately 20% annually over the past four years, with sales in China also maintaining a yearly growth rate of around 20%.