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LVMH Private-Equity Arm May Invest in Raymond Unit

L Capital Asia, a private-equity arm of LVMH Moet Hennessy Louis Vuitton, is in talks to invest about $150 million to acquire a minority stake in a unit of India’s Raymond Ltd., the Economic Times reported Monday, citing people aware of the matter.
L Capital Asia may buy a 10%-20% stake in Raymond Apparel, which owns brands such as Park Avenue, Parx and Notting Hill, sold via its exclusive retail stores, the report said.
Source: WSJ

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