L Capital Asia news and archive

PE fund L Capital Asia will not commit more funds to existing India investments

Private equity fund L Capital Asia has announced it will not commit more funds to its existing investments in India. The fund is sponsored by LVMH Moet Hennessy Louis Vuitton SA and Groupe Arnault. Presently, L Capital Asia has investments in Fabindia Overseas, and Genesis Luxury Fashion. The former was made in 2012 while the latter was in 2011....

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Business

L Capital eyes investments in India’s e-commerce

Keeping the momentum, India’s e-commerce segment is gaining, L Capital Asia, the private equity fund backed by the LVMH Group plans to announce a couple of investments to the tune of 50 million dollars each this year. Sources say that the move is to take advantage of the growth prospects, this segment holds in the long run. The company is...

Apparel

Myntra eyes another round of 40 million dollars funds

After neglecting Flipkart’s merger offer and raising 50 million dollars (over Rs 300 crores) through a deal led by PremjiInvest, owned by Wipro Chairman Azim Premji, leading online fashion retailer Myntra is said to be negotiating another round of discussion to attract an additional 40 million dollars (Rs 250 crores). The recently concluded...

Apparel

Myntra explores funding options to raise Rs 300 cr

Online fashion platform Myntra is looking at raising Rs 300 crores and is exploring offers from two competing groups of investors. These are: Premji Invest led by Wipro Chairman Azim Premji's family along with L Capital Asia the private equity arm of global fashion retailer LVMH Group and Sofina, a Belgium-based investment firm. Experts say,...

Apparel

LVMH’s PE arm acquires 8% stake in Fabindia

As signalled at earlier, L Capital, the private equity arm of LVMH, the world’s biggest luxury goods group is said to have acquired 8 per cent stake held by Wolfensohn Capital Partners in well-known Indian ethnic wear chain Fabindia. The deal valuation is estimated to be about Rs 1,400 crores. Fabindia, one of India’s most profitable retail...

Apparel

LVMH fund in talks with Fabindia for minority stake

L Capital Asia, the private equity arm of the world’s biggest luxury conglomerate, LVMH Group, is looking at picking up a minority stake in India’s renowned ethnic product store chain Fabindia. Talks are on at present between the two to look at the possibility. Fabindia, one of India’s most profitable retail companies, has been looking to raise...