India: Reliance Retail buys majority stake in luxury ethnic wear company Ritika

India: Reliance Retail buys majority stake in luxury ethnic wear company Ritika

Photo: Company website

Reliance Retail Ventures Ltd (RRVL) on Tuesday acquired a majority stake in fashion designer Ritu Kumar’s Ritika Pvt. Ltd, reinforcing an emerging trend of corporate houses buying into luxury ethnic wear companies.

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