L Capital, an investment fund controlled by the world's largest luxury goods group, has acquired a stake of 35 percent in TWC L'Amy, the French company formed from last year's takeover of L'Amy by TWC, a French producer of watches, jewelry and other accessories, for the most part licensed.

L Capital is reportedly taking over the shares of another institutional investor, Edmond de Rothschild Investment Partners, that acquired a stake in TWC in 2009. According to the report, which could not be confirmed at press time, TWC L'Amy had a turnover of €120 million in 2010. TWC was founded in 1999 by Aymeric Chaumet. L'Amy is the eyewear licensee for brands such as Chloé, Columbia, Kenzo and Sonia Rykiel.

The reports indicate that L Capital's investment in TWC L'Amy is intended to accelerate its development in Asian markets, where the fund has invested recently in the retail, watch and jewelry sectors. For its part, LVMH has major interests in the jewelry sector, especially after its recent acquisition of Bulgari. It owns numerous fashion brands include Chloé and Kenzo.

We hope to have more information soon on L'Amy and its possible synergies with TWC and the LVMH group.