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Tag: Acquisitions

  • Reliance Retail acquires 89% of Clovia, An Intimate Wear Brand.

    Reliance Retail acquires 89% of Clovia, An Intimate Wear Brand.

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    by

    Khushal
    in

    On March 20, Reliance Retail Ventures Limited (RRVL) announced it had acquired 89 percent of Purple Panda Fashions Private Limited, which owns and operates the intimate wear brand Clovia. RVRL invested Rs 950 crore in the company through a combination of a secondary stake purchase and a primary investment, according to an official statement. Clvia…