Private equity (PE) funds are making a beeline for buying a stake in Manyavar. Several PE funds are keen to acquire about 10% stake in Manyavar. Mumbai: Popular ethnic wear maker Manyavar finds itself in a unique position—not one that privately held companies find themselves in very often. Growing disposable income, increasing aspiration levels among youths are driving factors for branded ethnic wear market,” said the Technopak report. “The ethnic wear consumers have started inclining towards branded apparel owing to assurance of better design, quality and fit.

Source: Mint August 02, 2016 19:30 UTC