Apparel
Ascent exits Koutons Retail at a loss
Ascent Capital has exited Koutons Retail at a loss and considers the investment a write-off. Ascent Capital invested about Rs 54.6 crores in Koutons through two rounds in 2006, a year ahead of the company going public. The PE firm held an 8.3 per cent stake. Koutons, established in 1991, sells clothing for men, women and children through more...
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