The Asian corporate venturing unit of luxury business LVMH is reportedly eyeing a $150m investment in the clothing unit of India's Raymond Group
L Capital Asia, a corporate venturing unit of luxury brand company LVMH, is reportedly looking to invest $150m in India-based clothing business Raymond Apparel.
The firm and the company are negotiating for L Capital to take between a 10% to 20% stake in the business, according to news provider Economic Times.
Raymond Apparel is part of India-based conglomerate Raymond Group, which was founded in 1925.
