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LVMH, which sells luxury handbags fashion and other leather goods and perfumes and cosmetics reported a profit after tax of over Rs 8 crore compared with Rs 5 crore in the previous year for Louis Vuitton India Retail Pvt Ltd.
ICICI Venture is partnering with Go Colors to capture a huge market potential by ramping up store expansions and building a successful women legwear brand.
The PE fund typically makes an investment in the range of USD two million to USD eight million and this is the fund's fifth investment.