Reliance Retail Acquires 89% Stake In Clovia
Reliance Retail Ventures Ltd (RRVL) announced on Sunday that it had purchased an 89 percent ownership in Purple Panda Fashions Pvt. Ltd, which owns the Clovia girls’ innerwear and lounge wear brand. The transaction included both a secondary equity purchase and first funding. Clovia’s founding group and management will own the remaining portion, according to … Read more