LVMH's private-equity arm on the prowl in S-E Asia
L Capital Asia sees opportunities in Singapore, also eyes Thailand, Vietnam
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LVMH Moet Hennessy Louis Vuitton SA's private-equity arm, which bought a rooftop bar and dim sum restaurant chain in Singapore this year, is seeking more investments in the region to gain from rising consumer spending.
L Capital Asia sees opportunities in Singapore's food and beverage, entertainment and beauty-care industries because the city has a large expatriate population and tourist flows, according to Sanjay Gujral, L Capital Asia's regional managing director.
The firm, backed by the largest luxury-goods maker, is also looking for potential tourism and hospitality deals in countries such as Thailand and Vietnam.
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