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 […]
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 […]
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 […]
Oh, I am tired of Priya Sachdev Chatwal’s linkups with guys. It’s like every spring/summer and fall/winter Priya Sachdev is hooking up with a new guy and this time it’s the much-married Deol Puttar – Bobby Deol. They got close when Bobby walked the ramp for Priya’s Kitsch show. Just last month Priya Sachdev Chatwal […]
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 […]