For the best experience use inshorts app on your smartphone
Reliance Retail acquires 89% stake in women's innerwear brand Clovia
short by Ridham Gambhir / on 20 Mar 2022,Sunday
Reliance Retail Ventures Limited (RRVL) has acquired an 89% equity stake in Purple Panda Fashions Private Limited, which owns and operates Clovia, a brand for women's innerwear and loungewear. Reliance made an investment of ₹950 crore through a combination of secondary stake purchase and primary investment. Clovia was launched in 2013 by Pankaj Vermani, Neha Kant and Suman Chowdhury.
short by Ridham Gambhir / 08:50 pm on 20 Mar
For the best experience use inshorts app on your smartphone