LVMH Moet Hennessy Louis Vuitton's $500m L Capital Asia fund launched last year has backed its second second Asian watch maker.
A corporate venturing fund backed by the world’s biggest luxury goods group has backed its second second Asian watch maker in the past year.
LVMH Moet Hennessy Louis Vuitton’s $500m L Capital Asia fund launched last year has acquired HK$240m ($31m) worth of convertible bonds and warrants in Emperor Watch & Jewellery.
If the financial instruments are exercised by 2013, L Capital will have 6.9% of the Hong Kong-based luxury retailer. L Capital is buying HK$140m convertible bonds that can…
