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Reliance Retail Ventures Takes Majority Stake in Indian Designer Ritu Kumar’s Brands

The retail giant will take a 52 percent stake in fashion and homeware labels founded by one of India’s most established fashion designers.
Ritu Kumar has spent her five-decade career promoting India's textile and craft industries. Ritu Kumar
Ritu Kumar has spent her five-decade career promoting India's textile and craft industries. Ritu Kumar.

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has taken a majority 52 percent stake in Ritika Pvt Ltd, the company that owns Indian designer Ritu Kumar’s fashion and homeware brands.

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