Friday, April 26

Tag: Reliance Brands

Reliance Brands Eyeing to Take Over a Popular Luxury Group
18Jun By Gauri SinghNo Comments
ACQUISITION

Reliance Brands Eyeing to Take Over a Popular Luxury Group

Reliance Brands, a subsidiary of Reliance Industries Ltd. is eyeing to fully acquire Genesis Luxury Fashion Pvt Ltd. which is a unit of Genesis Colors involved in the marketing and distribution of International Luxury labels for an estimated amount of Rs 450 crore. Genesis Luxury comes under India’s top luxury groups and this acquisition is sure to give a boost to the business of Reliance Brands. This step may also help Reliance to build a dominant space in the emerging luxury market of the country. According to the reports, last year, Reliance Brands had purchased a 46.6% stake in Genesis Luxury from Singapore-based private equity firm L Catterton Asia. And now, the company is in the advanced stage to acquire it wholly. Genesis Luxury Fashion, launched in the year 2008 is involve...
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Reliance Brands Ltd Buys Out a Lifestyle Company at $30 Million
9Jun By Gauri SinghNo Comments
ACQUISITION

Reliance Brands Ltd Buys Out a Lifestyle Company at $30 Million

A subsidiary of Mukesh Ambani-led Reliance Industries Limited called ‘Reliance Brands Limited’ has bought 100% stake in Rhea Retail Private Limited and has successfully acquired it for Rs 203.46 crore ($30 million) in cash. Rhea Retail is a Delhi-based privately owned firm which was founded in 2007 and its main line of business comprises of the distribution of women's, expectant mother’s, children's, and infants' clothing and accessories. Its revenue for the year through March 2018 was Rs 200 crore, the same as the previous year. On the other hand, Reliance Brands Limited is a part of Reliance Industries Group which too began its operations in 2007. It deals in over 40 international brands and aims to launch and build international and domestic brand equity in the premium to luxury s...
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