A Business & Lifestyle e-zine by Bhakti Chuganee
Reliance Industries has invested in two prominent Indian fashion designers, Manish Malhotra and Ritu Kumar. It acquired a 40% stake in Malhotra’s MM Styles and a 52% stake in Kumar’s Ritika Pvt. Ltd. These partnerships aim to enhance the brands’ growth and promote Indian craftsmanship in global markets.
Aditya Birla Fashion Retail Ltd. has acquired a 51% stake in designer Sabyasachi Mukherjee’s brand, enhancing its ethnic wear portfolio. This partnership reflects a growing trend in India where fashion designers collaborate with corporations for sustainable growth and market reach, prompting discussions about the future of Indian fashion in a corporatized landscape.
The unprecedented spread of the coronavirus led to a shortage of protective gear for frontline helpers. To help contain the shortage, the GoI reached out to various industry organisations to help manufacture the items required by various agencies.
Getting future ready
Wearable khadi