AAA L Capital sizes up Raymond Apparel

L Capital sizes up Raymond Apparel

L Capital Asia, a corporate venturing unit of luxury brand company LVMH, is reportedly looking to invest $150m in India-based clothing business Raymond Apparel.

 The firm and the company are negotiating for L Capital to take between a 10% to 20% stake in the business, according to news provider Economic Times.

Raymond Apparel is part of India-based conglomerate Raymond Group, which was founded in 1925.

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