French luxury goods giant Louis Vuitton Moet Hennessy (LVMH) is planning to make private equity investments of ¤400-500 million ($560-700 million/Rs 2,230-2,790 crore) in Indian retail chains and brands, jewellers, ayurveda, designers and spas. | |
| LVMH, which has brands like Christian Dior, Fendi, TAG Heuer and Dom Perignon in its stable, is planning to float a ¤1 billion private equity fund for emerging markets in Asia, of which 40-50 per cent will be dedicated to India. |
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| "We are looking to invest in retail and brands of Indian origin," said Ravi Thakran, group president of LVMH's operations in South, South-east and West Asia. The fund will be launched within 12 months by L Capital, which is controlled by LVMH. Thakran said that while the fund might not necessarily invest in brands classified as luxury, these should have the potential to become one. |
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| LVMH's holding company""Group Arnault""will also make investments in Indian real estate. |
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| Sources in the industry said Group Arnault was in talks with DLF and Bombay Dyeing for two such destinations in Mumbai. |
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| "The idea is to create luxury destinations in the country. It would be a mix of retail and entertainment such as hotels or spas," said Thakran. |
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