Family offices and sovereign funds fill luxury M&A void as PE and conglomerates retreat
Global fashion deal flow has cooled as LVMH, Kering, Richemont and PE players like Permira pull back. Capital is shifting to family offices and sovereign wealth, with India's Ambani family emerging as an active cross-border investor in fashion, media and culture.
Global fashion M&A has slowed as PE and luxury groups retreat. Family offices and sovereign wealth funds fill the gap. India is cited as an emerging deal source, with the Ambani family making fashion, media and culture investments abroad.