- Angela Gonzalez-Rodriguez |
The largest luxury goods group in the world has invested 600,000 dollars in the Indian menswear label Herringbone & Sui.
The investment was led by Ravi Thakran, managing partner and chairman of L Capital Asia and Payal Jauhar, associate group representative director for LVMH India and West Asia.
As advanced by sources close to the company, they will use the additional capital to launch its own stores for an omni-channel play.
Founded in 2014 by Kabir Mehra and Samarth Hegde, the company makes made-to-measure menswear at reasonable prices.
"We are a highly tech-enabled business, touching everything from our shopping platform, which now includes an in-store styling app, to our production systems. We manufacture and ship all our orders out of our own factory, so having the right systems to manage that is critical. We also rely heavily on data to ensure we are able to fully benefit from our compressed product lifecycle," said Samarth Hegde, co-founder of the company, reports ‘Business Times.