Companies

Raymond Lifestyle to no longer pay royalty to Raymond Ltd

Our Bureau Mumbai | Updated on December 02, 2019 Published on December 02, 2019

In a bid to address concerns raised by investors, Raymond group’s demerged lifestyle business will own the Raymond brand for textile, apparel and retail categories. With this arrangement, Raymond Lifestyle business will not be required to pay a royalty to the parent Raymond Ltd.

Investors had expressed concerns on payment of royalty after the group announced demerger of the lifestyle business into a new unit. Raymond Ltd will continue to own the brand in other businesses including real estate.

Published on December 02, 2019
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