L Capital, LVMH’s private equity arm, is in talks with leading Indian designers to create an Indian luxury house in the mould of French luxury goods company LVMH.

Designers linked to the project include Rohit Bal and Sabyasachi Mukherjee, who are both cited among the country’s biggest creative talents.

Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong, a survey indicated Thursday.

The poll by market research firm Ipsos found that Chinese buyers preferred to shop on the mainland for luxury goods in five of its seven categories — watches, cosmetics, clothes, shoes, and wines and cigars.

Last month Hedi Slimane made the headlines when it was announced he would rename Yves Saint Laurent‘s ready-to-wear line as Saint Laurent Paris, and now the first images of the rebranding have emerged online.

A picture of a black product box with the new branding on it appeared on the label’s official Facebook page this weekend.

After its hugely popular Fall 2011 campaign starred top models Raquel Zimmermann and Karen Elson, Lanvin has taken a different direction for Fall 2012 — with ads starring ‘real women and men’ including an octogenarian.

On July 12 it was confirmed that Italian luxury label Valentino has been sold to the royal family of Qatar for an estimated $858 million.

Mayhoola, an investment group controlled by Qatar’s royal family, explained its vision for the fashion house — which was founded in 1959 by namesake Valentino Garavani and is famed for its ultra feminine frocks.

Hedi Slimane’s first big move as creative director of Yves Saint Laurent will be to change the brand’s name to Saint Laurent Paris.

Founded in 1962 by late creator Yves Saint Laurent and his partner Pierre Bergé, it is reported that the label’s rebranding is part of new creative director Hedi Slimane‘s makeover of the fashion house.