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Villeroy & Boch AG Enters Into Joint Venture With Genesis Luxury Fashion-Business Line


Wednesday, 19 Jun 2013 08:00pm EDT 

Business Line reported that German bath, wellness and tableware firm Villeroy & Boch AG has entered into a joint venture with Delhi-based Genesis Luxury Fashion to start operations in single-brand retail trade. On June 18, 2013, the Foreign Investment Promotion Board (FIPB) had approved Villeroy & Boch’s application seeking 50% equity in a joint venture company for single-brand retail trade. The FDI infusion in the joint venture is to the tune of INR1.12 crore. Genesis Luxury Fashion has brands such as Paul Smith, Bottega Veneta, shoe brand Jimmy Choo, Italian label Etro and Armani and home and personal care products from Crabtree and Evelyn, among others. It will exclusively manage the distribution of Villeroy & Boch tableware products in India. The partnership ensures the establishment of a distribution network through the opening of Villeroy & Boch’s exclusive retail stores in India. Genesis Luxury Fashion has brands such as Paul Smith, Bottega Veneta, shoe brand Jimmy Choo, Italian label Etro and Armani and home and personal care products from Crabtree and Evelyn, among others. It will exclusively manage the distribution of Villeroy & Boch tableware products in India. The partnership ensures the establishment of a distribution network through the opening of Villeroy & Boch’s exclusive retail stores in India. 

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15 Aug 2014