SINGAPORE — As Fabindia seeks to expand internationally, it is tweaking the strategy that has made it one of India’s leading ethnicwear retailers.
In India, where it operates about 160 stores, Fabindia is well known for being a sales platform that connects about 40,000 rural artisans, who make everything from handcrafted saris to table linens, with the country’s emerging middle class. This January, L Capital Asia, LVMH Moët Hennessy Louis Vuitton’s investment arm, purchased an 8 percent stake in the company for an undisclosed sum.
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