L Capital adds ex-Reliance Retail CEO to advisory board
L Capital Asia, a PE firm backed by luxury goods conglomerate LVMH, has added Bijou Kurien, former CEO India's Reliance Retail, as a member of the strategic advisory board.
"I will spend some time with L Capital Asia as member of their strategy board. I am pursuing my own interests and mentoring a few young start-ups the rest of the month," Kurien told The Business Standard.
As a board member, he will evaluate new investment opportunities as well as adding value to the operational performance of the portfolio companies.
Kurien quit Reliance Retail in October after spending seven-and-a-half years with the company. Prior to that, he worked at watch and jewelry retailer Titan Industries as COO.
L Capital Asia reached a first close on its second regional fund last September at the hard cap of $950 million after less than six months in the market. The final close, which included the GP commitment, followed a few months later.
In India, it has invested in companies such as ethnic apparel brand Fabindia, cinema operator PVR and retailer Genesis Luxury Fashion.
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