Fendi and Luis Vuitton to India
- Filed under: Alternative Lifestyle, Bags, Entertainment, Famous, Fashion, Fashion Week, Recreation, Shopping
- Date: Sep 20,2007
LVMH, which has brands like Christian Dior, Fendi, TAG Heuer and Dom Perignon in its stable, is planning to float a 1 billion private equity fund for emerging markets in Asia, of which 40-50 per cent will be dedicated to India.
“We are looking to invest in retail and brands of Indian origin,” said Ravi Thakran, group president of LVMH’s operations in South, South-east and West Asia. The fund will be launched within 12 months by L Capital, which is controlled by LVMH. Thakran said that while the fund might not necessarily invest in brands classified as luxury, these should have the potential to become one.
LVMH’s holding company — Group Arnault — will also make investments in Indian real estate.
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