“Within the overall broader space we did initiate a few new ideas. Raymond was one such idea that we initiated recently. We believe that the company has strengthened its business in the last few years. It has got new senior leadership restructured its group. The promoters have put in capital. It has a good mix of strong established brands be it Raymonds, Park Avenue, Colour Plus, Ethnics which it now plans to grow in a asset light franchisee model.”
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