Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

LVMH to invest $25m in C&K in India

LVMH, the French luxury goods group behind brands including Louis Vuitton, Celine, Dior and Marc Jacobs, is to invest $25m (£15.1m) in its premium brand Charles and Keith (C&K) in India.

The luxury group already made an investment in India by picking up a 25.5% stake in Genesis Luxury Fashion, so its investment in C&K represents its second aquisition in the Indian market.

LVMH has launched a private equity fund of $650m (£393.1m) dedicated to investments focused on markets like China, Southeast Asia and India. The fund dedicated to investments focused on these markets would primarily be in consumer brands, lifestyle concepts and media and entertainment.

“The company is strengthening its presence in India and will spend over $25m (£15.1m) in expanding C&K in Chennai, Kolkata, Bengaluru, Lucknow and Ludhiana. We are planning to have 40-50 new stores in India,” said Ravi Thakran managing partner of L Capital Asia.

The company already has 229 stores across Asia and West Asia under its C&K and Pedro brands.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.