India needs to build billion-dollar brands: Ravi Thakran, L Catterton

Ten days ago, L Catterton, the result of a merger between the private equity (PE) and real estate funds of LVMH Louis Vuitton Moët Hennessey SE, held its annual summit in New Delhi. L Capital, as the PE unit of LVMH used to be known, has invested in Fabindia, PVR and Genesis Luxury (it has exited from the first two).