Everstone invests $16m in India fashion house
Everstone Capital has invested INR1 billion ($16.6 million) in Indian fashion label RituKumar in return for an undisclosed minority stake.
Set up in 1969, Ritu Kumar produces a range of women's clothing under three main brands: Ri, a premium bridal and formal wear line; Ritu Kumar, a line in ethnic every day and semi-formal wear; and Label,...
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