SMU Associate Professor of Marketing Seshan Ramaswami commented on LVMH's private equity arm buying over a stake in Charles & Keith, the homegrown shoe chain which now expands at a rate of 100 shops a year. “The biggest benefit to Charles & Keith is the international recognition that the stake represents…To know that an international luxury goods expert's private equity arm has faith in you is a great certificate of sorts,” he said.
Source
The Straits Times
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