The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion.

The country’s currency, the lira, has lost almost half its value against the dollar so far this year, and inflation is rising precipitously.

The Delhi-based company, whose backers include PremjiInvest, the family office of Wipro Ltd. founder Azim Premji, aims to submit its so-called draft red herring prospectus as soon as early next year.

The Nescafe maker said on Tuesday it would cut its stake in L’Oréal to about 20 percent by selling shares worth €8.9 billion ($10 billion) back to the French cosmetics brand.

Humanrace will begin selling its rice powder cleanser, lotus enzyme exfoliator, humidifying cream, body bars and ceramic dishes, as well as product refills, at the Paris outpost of Dover Street Parfums Market (DSPM) on Dec. 8.

The Shanghai-based, woman-focussed sportswear brand has raised nearly 100 million yuan in a series C round of financing, led by Belle International.

Patek Philippe announced a new limited-edition 5711 with a blue dial. Tiffany & Co. is the only retailer in the world with the right to co-brand timepieces with Patek Philippe.

The American sportswear brand best known for its logo-stamped underwear allowed the comedian apparent access to its Instagram account.