![]() It is also aiming for a production capacity of 10 million pieces per annum. of Mohey retail space and 1000 exclusive stores including 250 flagship & 50 global stores at 300 cities across India and abroad. ![]() By 2025, the firm plans to have 15,00,000 square feet of Manyavar retail space, 5,00,000 sq. Ravi Modi’s wife Shilpi Modi, a trained fashion designer, is a director of the firm and closely involved with its creative aspects. THE MAKERS OF MANYAVAR: STITCHING A D-STREET DEBUTįounded in 1999, Vedant Fashions is a pan-India player with a retail presence of 600 plus stores in over 200 cities and 3 countries with 11 international stores in U.A.E & U.S.A, according to its website. Incidentally, Aditya Birla Fashion & Retail which counts Flipkart as an investor, has recently struck deals with ace designers Sabyasachi & Tarun Tahiliani with an eye on the ethnic wear segment. ![]() Vedant Fashions does not have a pure play listed peer in the ethnic wear segment but some listed firms in the apparel and clothing segment include Aditya Birla Fashion & Retail, TCNS Clothing, SP Apparels, Zodiac Clothing & VIP Clothing. "Vedant’s deep understanding of the market segments and consumer preferences has enabled it to generate the best operational and financial metrics in the retail industry,” Kedaara Capital added about its portfolio company. The apparel maker is the undisputed leader in the men’s ethnic wear segment according to the private equity firm’s website. ICICI Securities declined to comment while Moneycontrol could not elicit an immediate response from the other banks.Īccording to reports, Kedaara Capital acquired around a 10% stake in Vedant Fashions in August 2017 for around Rs 400 crore-Rs 450 crore. This article will be updated as soon as we hear from the firms. Moneycontrol is awaiting email responses from Vedant Fashions and Kedaara Capital and has sent reminders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |