LVMH Moet Hennessy Louis Vuitton has just further expanded its portfolio. The parent company to Louis Vuitton, Givenchy, Dior, Kenzo, Loewe and Céline, etc. has been in talks to acquire Australian swimwear label Seafolly by way of its private equity firm L Capital, and as of today, the deal was confirmed. Anthony Halas, CEO of Seafolly, said in a press release, “Our partnership with L Capital cements plans for international expansion and the development of Seafolly into a full lifestyle brand.” Seafolly, which was founded in 1975, boasts that it is Australia's most recognized swimwear and women's beachwear fashion brand. The Sydney-based brand maintains Australia, America and Singapore-specific websites and stocks in brick and mortar stores in nearly 50 countries, including Nordstrom and its own branded locations in the U.S. If the deal goes through, it would mark L Capital's fourth Australian investment, as it already holds stakes in Australian retailer, RM Williams, sportswear label, 2XU and gourmet food store, Jones the Grocer.