French luxury goods major Moet Hennessy Louis Vuitton SA (LVMH) is likely to clinch a multi-brand retail deal with New Delhi-based Genesis Luxury Fashion, in which the former’s private equity arm L Capital holds a significant minority stake. Genesis Luxury is expected to open doors for LVMH’s subsidiary Sephora, a multi-brand beauty and personal care retailer. LVMH is finalising plans for Sephora a little over a month after India deferred FDI in multi-brand retail. Such foray LVMH in the Indian retail segment is a rational development that would bring a new business opportunity to the signage players dealing in in-shop/in-store signs and displays.
