Shares of Raymond rose nearly 11%, touching the weekly high of Rs388.40, on reports that the private equity (PE) arm of the world's biggest luxury products group, LVMH, is in talks with the company to invest about Rs750 crore ($150 million) in Raymond Apparel.
Raymond Apparel owns brands such as Park Avenue, Parx and Notting Hill, which are sold at its exclusive retail stores The Raymond Shop and multi-brand outlets across India and West Asia and it is fully owned by Raymond, the report suggests.
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Raymond Apparel owns brands such as Park Avenue, Parx and Notting Hill, which are sold at its exclusive retail stores The Raymond Shop and multi-brand outlets across India and West Asia and it is fully owned by Raymond, the report suggests.
....more info