Catwalk may sell 26% stake to IVFA
Founded in 1990, Catwalk has 40 stand-alone stores and around 250 shop-in-shops in India. Also, it is in talks with Sri Lankan retailer Odel and Isetan of Singapore to expand in Asian markets. From its inception in 1990, when Asif Merchant designed the first footwear for aspirational and fashion centric women of the country, Catwalk has become a leading premium brand with pan India presence
IVFA partners with entrepreneurs and management teams to build valuable, enduring and socially responsible businesses to generate immense wealth for all stakeholders. IVFA was established in 1999 and is one of the most experienced private equity firms in India, with $1.4 billion (Rs 7,533 crores) under management across four funds.