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THE WHAT? L Catterton has introduced that it’s forming a three way partnership with Sanjiv Mehta, the previous CEO of Hindustan Unilever. The brand new entity will likely be an funding car concentrating on India’s client market.
THE DETAILS In line with a report printed by Reuters, the partnership will mix L Catterton’s world attain with Mehta’s regional experience to establish and spend money on the nation’s client sector. Mehta will assume the position of Govt Chairman.
THE WHY? L Catterton International Co-CEO, Michael Chu, instructed Reuters, “With India now having the world’s largest inhabitants and producing excessive GDP progress, there has by no means been a greater time to deepen our dedication to the market and spend money on the patron companies that can form the panorama of tomorrow.”
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