LVMH has sold the French fashion house Patou back to Dilesh Mehta through his company Nirvana Investments LLC-FZ. This sale reverses the majority stake acquisition from 2018, allowing Patou to return to independent ownership. The transaction aims to leverage Patou's established foundations for future growth and sustainability. Financial terms of the deal remain undisclosed.
Company Information
Company
Nirvana Investments LLC-FZ
Location
Dubai Emirate, United Arab Emirates
About
Nirvana Investments LLC-FZ is a holding company owned by entrepreneur Dilesh Mehta. The company focuses on managing and developing a portfolio of fragrance brands. Mehta has a notable background in the beauty industry and works with various well-known brands. Nirvana Investments aims to optimize and grow its holdings in the luxury sector.
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