L Catterton is the world's largest consumer-focused private equity firm, 40%-owned by luxury conglomerate LVMH and the Arnault family, with portfolio brands including Birkenstock. Its current and former holdings on Ferret span dining, fitness, and clothing, including two it has since sold (CorePower Yoga and Everlane).
Assets under management: ~$37B (2025) · 5 companies on Ferret
Chopt
Dining · 98+ locations — Chopt is an environmentally committed salad chain, with compostable packaging and 500+ named farm partners. But it's been fully PE-owned since 2015, and the founders have been out of the picture for nearly a decade.
Solidcore
Fitness · 161+ locations — Solidcore changed PE hands twice in a single year: founder Anne Mahlum sold for $88.4M in April 2024, then a second firm took over that September. Instructors average about $40K a year on per-class pay that skips training time.
Equinox
Fitness · 115+ locations — Equinox sells a $40,000-a-year membership tier with a waitlist. But its labor record includes an $11.25M discrimination verdict and a $36M wage settlement covering 15,000+ workers, and no founders remain.
CorePower Yoga
Fitness · 200+ locations — CorePower Yoga is a PE-owned, 200-studio yoga chain that's cycled through two owners since 2013. Its teachers walked out in February 2026 over pay and studio conditions, and the strike remains unresolved.
Everlane
Clothing · 11+ locations — Everlane built its brand on 'radical transparency.' It laid off workers right after they moved to unionize, lost its founder, and was finally sold to Shein in 2026: the fast-fashion giant its marketing once defined itself against.