By  on May 21, 2018

BEIJING — L Catterton Asia, the Asian unit of the largest consumer-focused private equity firm in the world, announced a purchase of a 10 percent stake in Future Lifestyle Fashions Ltd., India’s largest integrated branded fashion company.

The deal is the first the LVMH-backed fund has struck in the Indian fashion sector since 2012 — when it invested in Fabindia, a platform for products made from traditional techniques, for which it has completed an exit. In total, it has made three fashion investments in the region, the other being Genesis Luxury, the regional distributor for high-end brands such as Jimmy Choo and Burberry —  although it represents L Catterton’s fifth investment into an Indian business overall.

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