Mumbai: Private equity investment firm Everstone Capital on Tuesday said it will invest 100 crore for an undisclosed minority stake in Ritu Kumar, a fashion house for women’s clothing.

The fashion house has three distinct brands—Ri, a premium bridal and formal wear line, Ritu Kumar, a traditional pret brand offering ethnic daily and semiformal wear, and Label, a fashion pret line.

“Combining Ritu Kumar’s great brand heritage, its strong management team and Everstone deep understanding and expertise within this space, Ritu Kumar will be poised for continued success and growth," said Sameer Sain, co-founder and managing partner of Evertsone, in a statement.

“The modern professional approach of any enterprise is to collaborate with companies such as Everstone, who bring to the table expertise and financial commitment to help in the growth of the brand," said Ritu Kumar, founder and director, Ritu Kumar, in a statement.

Langham Capital was the financial advisor on the transaction.

Close