LVMH fund looks to finalise deal with Fabindia
JimAndaz.com - India News and Events of India
Advanced Search
 
Regional News RSS Feed
Home > Business > LVMH fund looks to finalise deal with Fabindia
LVMH fund looks to finalise deal with Fabindia
 
LVMH fund looks to finalise deal with Fabindia

The last word in luxury is wooing the most marquee ethnic wear chain in India. L Capital Asia, the private equity arm of the world's biggest luxury conglomerate, LVMH Group, is in discussion with Fabindia, to acquire a minority stake in the retailer.

Fabindia, one of India's most profitable retail companies, has been looking to raise Rs 200 crore to fund its expansion and existing operations through a round of fresh equity investments and by buying out the eight per cent stake held by the existing investor, Wolfensohn Capital Partners, which has been keen on exiting.

It was in 2007 that the fund, owned by former World Bank president James Wolfensohn, acquired about eight per cent stake in Fabindia for Rs 50 crore. Today the company is believed to be valued between Rs 1,000 and Rs 1,200 crore. The promoters, led by William Bissell and his family, own 50 per cent stake in Fabindia.
Posted On : 18 Jan 12
Latest Business News
ESPN Star forays into event management in India
Bharti Airtel rebrands B2B business as Airtel business
Assotech Realty announces launch of Assotech Business Creserra in Delhi/NCR
Piramal buys Bayer's potential Alzheimer drug
Pakistani textile brand to open 200 stores in India
Nalco plans Rs 18,000 cr investment in Odisha smelter
Indian Hospitality Corp acquires complete stake in Adelie Food Group
Vedanta Group's Agnivesh now have stake in Primex Healthcare
STAR News would be ABP News soon
Reliance Communications to market Android devices in India
Hindustan Motors upgrades Mitsubishi Montero
Coal India to ink fuel supply pact before April 20
BSNL launches six internet data centres for cloud services
DuPont opens ballistics facility in India
India women go down to New Zealand in four-nation meet
Press Release Submission Free
Submit your Press Release related to corporate news, announcements and events absolutely FREE of cost & reach out masses. Learn More...
 
Top Indian News
FDA starts registration drive in Nagpur ...
Mother Dairy forays into Rajasthan ...
FirstRand enters banking space in India, opens branch in ...
Aadhaar to pilot financial, banking services in 50 districts ...
Genpact to acquire Accounting Plaza ...
Goodricke plans foray into dairy business ...
MakeMyTrip integrates travel with social websites through 'Tripalong' ...
Capt. GR Gopinath secures NOC to start new airline ...
India Tourism, Dubai to highlight India at ATM 2012 ...
IndiGo to launch six new flights from April 20 ...
More...
LVMH fund looks to finalise deal with Fabindia
Tags | About Us | Sitemap
Copyright © 2009 Jupiter Infomedia Pvt. Ltd. All rights reserved including the right to reproduce the contents in whole or in part in any form or medium without the express written permission of Jupiter Infomedia Pvt. Ltd.