In a first, Italian luxury group Ermenegildo Zegna and India’s Reliance Brands picked up an equity stake in India’s fashion designer Raghavendra Rathore business. This investment points out to an untapped opportunity of growth for India’s premium fashion labels.
Gildo Zegna, CEO of Ermenegildo Zegna group said that his company is a strategic financial investor, in the same way that Reliance is too. “In some sense, it heralds the coming of age and maturing of India’s luxury fashion business.”
Rathore, known for his crisp bandhgalas (closed neck) and bespoke menswear is an alumnus of the Parsons School of Design in New York City. He currently owns seven standalone stores in India. “With this new opportunity, we are re-calibrating and optimizing the business plan,” the designer said.
