Nalli Silks forays into gold biz

CHENNAI: The vanguard of traditional Kancheepuram silk saris, Nalli, will soon house gold jewellery as well. Nalli Silk Sarees, which has – since 1928 – been steeped in the sari business, is diversifying into the gold business, and is set to launch its jewellery collection. “We are a heritage brand known for our wedding collections. […]

Domestic single-brand retailers eye foreign funds

While the government is trying to resolve issues related to 100 per cent FDI in single-brand retail, single brand domestic retailers, holding more than 50 per cent stake in the company are looking at attracting FDI to carry out their retail expansion plans. Indeed while the retail sector looks lucrative for foreign PE funding, recent […]

Local single-brand retailers like Fabindia, Hidesign, Nalli to access foreign funds

NEW DELHI: The government has exempted Indian single brand retailers from the purview of a controversial provision that restrained them from raising funds from foreign private equity funds and overseas investors. This clarification paves the way for single brand retailers such as Fabindia, Hidesign, Nalli, Gitanjali Gems, Lilliput, and Gini & Jony to access foreign […]