Groyyo picks up 51% stake in US-based Oussum Inc

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The story "Groyyo picks up 51% stake in US-based Oussum Inc" was covered 1 weeks ago by YourStory, a news publisher based in India.

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Groyyo picks up 51% stake in US-based Oussum Inc - YourStory

Quick Summary:

The Gurugram-based firm will work closely to scale private labels operating under the brands of 'Oussum' and 'Gypsie Blu' across both offline and online channels in the US.

The company will also continue to leverage its strong sourcing base across South Asia, now strengthened further with its physical network of warehousing across the US to offer an end-to-end design to warehousing offering to fashion brands and retailers across the US.

"With the emergence and dominance of fast fashion across the US we believe the timing is better than ever before for us to go deeper and offer an end-to-end shelf to warehouse offering to customers across the US," he said.