Everstone, a Singapore-based private equity firm, held 35 per cent stake in Ritika Pvt Ltd, which was acquired by RRVL back in 2014 for $16.6 million. The company has now bought another 17 per cent in the label to bring its total share to 52 per cent.
Ritu Kumar, one of India’s oldest design houses with more than 800 employees, comprises three brands: the classic ‘Ritu Kumar’, edgy, global and fashion forward ‘Label by Ritu Kumar’ and bridal couture line ‘Ri’. It currently has over 50 stores in India.
Fibre2Fashion News Desk (KD)
Retail | On 20th Oct 2021
US retail sales rose again in September as worries about the COVID-19 ...
Textiles | On 20th Oct 2021
Scientists in Philippines have developed greener technologies to...
Apparel/Garments | On 20th Oct 2021
To improve global competitiveness of Bangladesh’s readymade garments...
Textile Industry Head honchos
Biggest learning was adaptability
Great step towards realising end goal of 'AtmaNirbhar Bharat'
Ensured payment of fee was least concern for students
Kurt Wedgwood
From design to raw material to fabrication and ultimately to delivery -...
Meghavi Suthar
Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...
Raiyan Islam
Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...
Michaela Griggs & Peggy Schulz Barco Uniforms
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
Giulio Cesareo Directa Plus
UK-based Directa Plus is one of the largest producers and suppliers...
Sanjay Raut Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
Abhishek Bajaj & Samiksha Bajaj Samshek
Samshek is a fashion forward tech brand which combines digital experience...
Sunita Shanker Label Sunita Shanker
Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...
Ramya Rao & Kavea R Chavali Kalaneca
<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.