July 22, 2017 10:00 PM ET

Specialty Retail

Company Overview of Fabindia Overseas Pvt. Ltd.

Company Overview

Fabindia Overseas Pvt. Ltd. operates a chain of retail stores. The company offers ready-to-wear garments and accessories (jewelry, bags, and footwear) for men, women, teenagers, and children; bed, bath, table, and kitchen linens; floor coverings, upholstery fabrics, and curtains; furniture, lighting, stationery, tableware, decorative, cane basket, and handcrafted utility items; tea and coffee products, grocery products, pastas, pickles and chutney, sauces, drinks, herbs and seasonings, preserves, mueslis and snacks, sweeteners, and ayurvedic products and supplements; and skin care, hair care, silk protein range, and organic personal care products. It exports products to wholesalers and retai...

C-40, Okhla Industrial Area

Phase -2

New Delhi,  110020

India

Founded in 1960

Phone:

91 11 4057 7720

Fax:

91 11 2681 1053

Key Executives for Fabindia Overseas Pvt. Ltd.

Head of Brand and Marketing
Compensation as of Fiscal Year 2017.

Fabindia Overseas Pvt. Ltd. Key Developments

Fabindia Names Karan Kumar as the Head of Brand and Marketing, Effective January 23, 2017

The former head of marketing - lifestyle retail business division at ITC will join Fabindia as the head of brand and marketing on January 23, 2017. Karan Kumar, head of marketing - lifestyle retail business division at ITC, has decided to move on from the organisation. At ITC, Kumar was also the executive management committee member since 2015. He will be based in Delhi.

L Capital Reportedly Plans To Sell Stake In Fabindia

The private equity arm of LVMH Moët Hennessy Louis Vuitton SA (ENXTPA:MC) reportedly plans to sell its stake in Fabindia Overseas Pvt. Ltd., two people with knowledge of the matter said. L Capital Asia, L.L.C. is targeting $100 million (INR 6.6 billion) for its 8% holding in Fabindia Overseas. “L Capital Asia had approached some advisers about two months back for determining the valuation of its stake in Fabindia Overseas. Now they are looking for an exit," said an adviser who was approached by the PE firm. “It has so far contacted at least four potential buyers including Temasek Holdings (Private) Limited, Actis Capital, LLP, Apax Partners LLP and The Carlyle Group LP (NasdaqGS:CG),” the second person said. The process has just started and the PE players are looking at it, the second person said. "It is expected that the negotiations could happen only by late next month." Apax and Carlyle didn't respond to emails seeking comment. Spokespeople for Temasek, Actis and Fabindia, as well as L Capital Asia Regional Managing Director Sanjay Gujral said they don't comment on market speculation.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 5, 2016
--
Merger/Acquisition
November 2, 2016
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