Reliance Industries

Photo: Business Today

Reliance Industries Acquire 52% Stake In Fashion Label Ritu Kumar

Reliance Industries bought 52% stake in the fashion brand, Ritu Kumar. However, no financial details have yet been unveiled  by the company. Reportedly, Reliance also bought a 40% stake in Manish Malhotra’s fashion house. Furthermore, Birla Fashion and Reliance bought 51% stake in Sabyasachi. “The discretionary wallet spend on products of the top 20 million customers is what we remained focused on”, said Darshan Mehta.

Wed, 20 Oct 2021 - 10:32 AM / by Nehal Surana

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