DEUS EX MACHINA SET TO SELL 27.12.15
ASB MAGAZINE: According to the Australian Financial Review, Deus ex Machina founder Dare Jennings is in advanced talks with L-Capital, a private equity division of LVMH Group. LVMH Group is also one of the world's biggest luxury goods company. The Asia arm of L-Capital has already paid $52 million for a 49.9 per cent stake in bush outfitter RM Williams, $80 million for 40 per cent of performance sportswear company 2XU. Most recently the firm was reported to pay $70 million for a 70 per cent share of swimwear brand Seafolly.