LVMH’s private equity arm makes first investment in India
L Capital Asia, the private equity arm of LVMH Group, has made its first investment in India, picking up a 25.5% stake in Genesis Luxury Fashion for an undisclosed sum. The investment will be executed in two tranches.
New-Delhi based Genesis, which operates 125 stores, owns the distribution rights in India for luxury brands such as Just Cavalli, Canali, Kenzo, Botteha Veneta, Paul Smith, Jimmy Choo and Tie Rack. It...
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