The world’s biggest luxury conglomerate – LVMH buying a stake in a non-luxury homespun label built by the Bissels – Fabindia 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 Replies to “LVMH Buys 8% Stake in FABINDIA”
Excellent news! Thanks for reporting, Jack!
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
Expected better from the Bissels. They should have seen through this guys larger than life image.