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 […]
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 […]