Major Indian fashion retailers have gone on a purchasing spree for large manufacturers this 12 months, aiming to strengthen their positions in one of many country`s fastest growing segments. ABFRL picked up a 51% stake in luxury marriage ceremony wear model Sabyasachi, while rival Reliance Industries Ltd`s retail unit bought 52% of designer label Ritu Kumar. Major fashion retailers have gone on a purchasing spree for big brands this 12 months, aiming to strengthen their positions in one of Casual Style many nation’s fastest rising segments. ABFRL picked up a 51 per cent stake in luxurious wedding put on brand Sabyasachi, while rival Reliance Industries’ retail unit bought 52 per cent of designer label Ritu Kumar. Major Indian fashion retailers have gone on a purchasing spree for big manufacturers this yr, aiming to strengthen their positions in one of many nation’s fastest rising segments.
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