Letterone Retail

Changes in society, demographics and technology mean that the retail industry, and consumers more generally, are exposed to significant disruption. We aim to partner with businesses, entrepreneurs and management teams that are leading the disruption and transformation of customer experience.

Our strategy is to identify and invest in companies that are well-positioned for long-term growth. We invest in companies with sustainable competitive differentiation, helping them develop and grow through a combination of investment and sector expertise. In particular, we focus on driving transformation through data and technology capabilities.



$2bn of equity invested to date


100+ years of operational experience

Our investment focus is across the broader retail landscape – from physical to digital retail, consumer services and brands, through to data and technology. Our investment team and Advisory Board have extensive investment and industry expertise as well as access to a broad global network. We use our experience to guide businesses through disruption and, as an active shareholder, we bring deep sector expertise and a wide range of capabilities to benefit our management teams and partners.

We invest up to $1bn of equity per platform – to date we have invested around $2bn of equity. We have a long-term investment outlook, which enables us to invest in the right areas to drive long-term outperformance. We believe businesses that put the customer first and are focused on delivering exceptional customer experience will continue to enjoy success.

Stephan DuCharme

L1 Retail identifies and invests in companies that are well positioned platforms for long-term growth

Stephan DuCharmeManaging Partner