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 […]
At times you watch a collection of a fashion designer and is so impressed by it that emotions run high and you passionately feel that if this designer had a backing of a venture capitalist, he/she can take on the world. On Day 2 of Wills Lifestyle India Fashion Week, Spring-summer 2014 I felt that […]
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 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 […]