DIPP approves FDI proposal for single-brand retail sector

The Department of Industrial Policy and Promotion (DIPP) has cleared a proposal of Christian Louboutin FZCO in the single-brand retail sector.

"Proposal of Christian Louboutin FZCO for acquiring 51 per cent of the equity shares capital of Christian Louboutin India Pvt Ltd and for the addition of handbags, cosmetics and jewellery/imitation jewellery to the list of products approved in the previous approval," according to the DIPP’s Foreign Investment Facilitation portal.