French Luxury Major LVMH Wants To Back Ramdev's Business, May Pump Half Its Asia Money Into Patanjali

NEW DELHI: French luxury group LVMH has taken a shine to Baba Ramdev's Patanjali Ayurved Ltd. 

"We would love to work with him if we can find a model," said Ravi Thakran, managing partner, L Catterton Asia. However, "I know his model is not to work with multinationals and with foreign money."

The L Catterton private equity fund co-owned by LVMH is ready to bet $500 million — almost half of its remaining Asia fund — to buy a stake in the enterprise that has emerged as one of India's biggest fast moving consumer goods (FMCG) companies with a range of ayurveda based products in the past few years.

Articles sur le même thème

No news available.

Evénements sur le même thème

Share this page Share on FacebookShare on TwitterShare on Linkedin