MenuMenu

  1. Home
  2. fashion, gossip, scandal, sex, drugs, piracy, fake, business, government,
  3. LVMH Buys 8% Stake in FABINDIA

LVMH Buys 8% Stake in FABINDIA

The world’s biggest luxury conglomerate – LVMH buying a stake in a non-luxury homespun label built by the Bissels – Fabindia is not that many would had thought of. But then the L Capital Asia – the Private Equity arm of LVMH formed with a corpus fund of $640 million to invest in local brands primarily in China and India has done just that – taken up 8% stake in Fabindia.

L Capital Asia had earlier bought a 25.5% stake in Genesis Luxury in India and Fabindia comes as the second label in India where LVMH has bought stakes in.

You may also like...

L Capital’s LVMH-Like Model For India is Still Unclear

The Private Equity (PE) arm of  Paris-based LVMH Moet Hennessy Louis Vuitton – L Capital with Ravi Thakran at the helm of affairs gave a lot of hope to the Indian Fashion Fraternity to see ‘corporatisation’ of Indian Fashion Industry. Ravi Thakran being an Indian led the Desi fash-frat to unjustifiably believe that L Capital […]

ARMANI & FERRAGAMO Unhappy With DLF. Seeking New Partner

Italian luxury brands Salvatore Ferragamo and Giorgio Armani are considering chaning their existing local partner, a subsidiary of real estate developer DLF, and have been talking to other corporate groups and investors.  Over the last five years, several leading luxury brands have already parted ways with the partner they chose to come to India with and have formed new […]

Will Genesis Luxury Partner With Sahara Group Post L-Capital’s Exit?

When 108.168.206.104/~fashions/ posted as early as on the 4th of October, 2013 that L-Capital that has 40% stake in Genesis Luxury is planning to exit, the news was vehemently denied by Genesis Luxury. You can read the post here: https://fashionscandal.com//?p=15030 Now the story on L-Capital snapping ties with Genesis Luxury proves itself as news of Genesis […]

Prada Is Looking At Entering India

The Italian luxe label – Prada had been ignoring the emerging economies while other brands in its league moved in much earlier. Prada’s absence in India is rather conspicuous but anyway – better late than never. Sellers of luxury products are seeking to move out of developed markets that have been hit by global economic uncertainty […]

L-Capital Snap Ties With Genesis Luxury

Genesis Luxury is one of the largest players of the luxury business in India and are the franchisee of multiple international luxury brands in India. L-Capital, the Private Equity (PE) arm of LVMH that had invested close to 40% in Genesis Luxury has demanded that its founder either buys out its 40 per cent stake or […]

Why Bollywood C-Listers To Celebrate The Iconic Burberry Trench?

Nobody better than Sanjay Kapoor of Genesis Luxury understands the delicate nature of the so-called ‘brand image of luxury products’. But then I was perturbed to see that when it came to celebrating the Iconic Trench from Burberry, he had to resort to Bollywood ‘Losers’. Why lord why do we have to resort to Bollywood […]

3 Replies to “LVMH Buys 8% Stake in FABINDIA”

  1. Jooce says:
    February 18, 2012 at 7:30 AM

    Excellent news! Thanks for reporting, Jack!

  2. chetan rao says:
    February 1, 2013 at 3:01 PM

    Really and is he not on the FAB India board? What next candidature for PM ship. You never know! Mr Ravi Thakran can do anything for 2 minutes of fame

  3. linda says:
    January 25, 2015 at 8:05 PM

    Expected better from the Bissels. They should have seen through this guys larger than life image.

Leave a Reply

scroll to top
%d bloggers like this: