L Capital Asia, part of the corporate venturing unit of France-based luxury consumer goods conglomerate LVMH, has acquired a 25.5% stake in India-based fashion distributor Genesis Luxury for an undisclosed sum.
Based in Singapore and India, the Asian branch of L Capital is equipped with $640m of capital, and has largely invested in Hong Kong and Singapore-based high end fashion retailers. However, L Capital has stated its intention to move into China, South Asia and the Middle East.
L Capital…
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