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.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
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