European high fashion brands Louis Vuitton Malletier and Fendi are ready to pump in Rs 26.5 crore and Rs 32.2 crore, respectively, for buying 51 per cent equity in existing Indian companies and for expanding business here.
Louis Vuitton will overtake LV Trading, which already distributes its goods in India, and Fendi will buy Fun Fashion India, promoted by Ashish Chordia and Sampat Chordia.
Fendi and Louis Vuitton are awaiting the approval of the Foreign Investment Promotion Board.
Fendi plans to distribute ready to wear clothes, bags, accessories, watches, jewellery and shoes through its store in India.
Fendi has signed an undertaking that all products sold by the brand in India through its store will be manufactured outside India and branded during the manufacturing process itself.
Via businessstandard
Louis Vuitton, Fendi knocking on India's doors
Fresh Comments
on Body Deli: Organic Skin Care... Very useful information!
on Penelope sizzles in Mango's... yeh! Penelope is looking dangerously seductive. It’s the good fortune of Mango Fall...
on Penelope sizzles in Mango's... The Summer collection seems to be pretty impressive indeed! The leather jackets,...
on Forget body odor with Fargo... Wow the Fargo Aircool suit looks stunning indeed! Thanks to Aokia for using a wonderful...
on Stunning handbags by Kara Ross Excellent handbags by Kara Ross really. This NY based designer semms to rock the fashion...
Interview
Born in Istanbul (Turkey), Nihan Peker is a friendly, genuinely nice person who just happens to make drop-dead-gorgeous clothes! Being the wonderful gal she is, Nihan recently took some time out of her schedule to chat with me about her design philosophy and more.
Archives
2008
2007
2006
2005
Comments