Bain sues EY in US court for $60-mn loss in Lilliput

Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certifiedPrivate equity (PE) major Bain Capital has sued EY (formerly Ernst & Young) in a US......

PEs find investment in brands wise, but are wary of retailers

India-focused private equity (PE) players are keen on designer brands, but they seem to be wary of investing in retail apparel firms.   That explains why no deal has been sealed in the......

French luxury fund L Capital front runner to buy Lilliput

L Capital, the private equity (PE) arm of LVMH, the world's largest luxury goods group, has emerged the front runner to buy Lilliput's retail assets, brand and liabilities, according to three......

Reliance Brands to focus on domestic segment

Reliance Brands, the 100 per cent subsidiary of Mukesh Ambani-led Reliance Retail, plans to step up focus on the domestic fashion segment by investing in local brands and launching an in-house......