After month-long negotiation, Reliance Brands, a subsidiary of Reliance Retail that handles the ‘luxury’ portfolio has fully acquired Genesis Luxury, the group brand of Genesis Colors backed by American private equity firm Sequoia Capital. Genesis Luxury had the portfolio of brands like Bottega Veneta, Jimmy Choo, Paul Smith, Burberry and Armani among others. Reliance Retail had […]
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 […]
As per highly reliable sources, Puneet Nanda who took over the reins of designing for Satya Paul collection after the octogenarian designer Satya Paul retired, wants to quit as the Creative Director of Staya Paul. Satya Paul was acquired by Genesis Colors and Puneet Nanda was the chief designer of all Satya Paul collections. Satya […]