8/13/2023 0 Comments Charles and keith lvmhThe PE firm is looking at an average investment of $25 million-$100 million, with minority stakes ranging from 10-14 per cent. The company is in advanced talks with various players in the fashion, wellness and entertainment space to launch, market and distribute domestic as well as international aspirational brands, in India. Other countries on the radar are Indonesia and Malaysia. India might come close to 30 % of equity infusion", added Danielle Piette, President and MD – L Capital. Owing to China's growth story the fund will divert a significant part of its investments to China, "We might be looking at investing close to 40 per cent of the fund's capital in China. The group's focus on Asia comes after the region accounted for 25 per cent of LVMH's total revenue in 2010, surpassing both Europe and United States. "These could vary from premium to fast-fashion or mid-scale brands", adds Kapoor.Įarlier this year L'Capital Asia announced a $640-million fund (Rs 2,600 crore), focussed on investments in areas such as consumer brands, beauty & wellness, boutique hospitality, media & entertainment, private education etc across emerging economies of China, India and other South Asian countries. "The money will be used to introduce both domestic as well as international lifestyle brands into Genesis' existing portfolio", says Sanjay Kapooor, Managing Director Genesis Luxury. This is the PE fund's first investment in the Indian market. L'capital Asia, a private equity fund, sponsored by the world's largest luxury conglomerate Louis Vuitton Moet Hennessey (LVMH), has acquired a 25.5 per cent equity stake in Genesis Luxury, a high end luxury company that has been instrumental in marketing and distribution of brands such as Jimmy Choo, Botegga Veneta, Etro in India.
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