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India's fashion and clothing sector has drawn big Indian and foreign brands in recent years from Tommy Hilfiger to Japan's Uniqlo. Retailers such as Reliance and Tata Group also run their retail chains targeting the booming middle-class segment by selling mid-range clothing from their outlets across the nation.
India's Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country's affluent shoppers,... -December 14, 2023 at 02:48 am EST - MarketScreener
Tata Capital is the financial services arm of India's $144 billion salt-to-aviation Tata conglomerate, and its investment interest in Rare Rabbit comes at a time its rivals such as billionaire Mukesh Ambani's Reliance are also gravitating towards premium fashion offerings.
India's Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million.
Rare Rabbit, India's premium fashion brand, may get an investment from the Tata Group's Tata Capital at a whopping valuation. Tata Capital is looking to purchase 13 percent of the Manish Poddar-led Rare Rabbit at a valuation