Acquisition of Arvind Fashions’ beauty retail business by Reliance Retail.
Reliance, the country’s leading retailer, has announced its acquisition of the beauty retail business of Arvind Fashion, a company promoted by the Lalbhai family. This move marks Reliance’s expansion into the fast-growing Beauty and Personal Care (BPC) market. Arvind Fashion confirmed the Share Purchase Agreement (SPA) with Reliance Beauty & Personal Care Ltd, a subsidiary…