A LVMH Group backed private equity fund is seeking to invest $650 million in quality lifestyle brands in China and India, Reuters reports. The L Capital Asia fund will acquire minority stakes in companies engaged in retail, food and beverage and beauty and wellness. The vehicle has already invested around $90 million in Singapore’s Sincere Watch and shoe store, Charles & Keith and Hong Kong’s Emperor Watch and Jewellery. The fund is expected to invest $200 million in companies this year.
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