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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]