LVMH Buys 8% Stake in FABINDIA

The world’s biggest luxury conglomerate – LVMH buying a stake in a non-luxury homespun label built by the BisselsFabindia 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 in China and India has done just that – taken up 8% stake in Fabindia.

L Capital Asia had earlier bought a 25.5% stake in Genesis Luxury in India and Fabindia comes as the second label in India where LVMH has bought stakes in.

3 thoughts on “LVMH Buys 8% Stake in FABINDIA

  1. chetan rao

    Really and is he not on the FAB India board? What next candidature for PM ship. You never know! Mr Ravi Thakran can do anything for 2 minutes of fame

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