Announced
Completed
Financials
Sources
Tags
Completed
Friendly
Sri Lanka
Private
Majority
Cross Border
Clothing and Accessories
lingerie
Acquisition
Single Bidder
Synopsis
Reliance Industries’ retail arm Reliance Retail Ventures, completed the acquisition of amante, a lingerie brand, from MAS Holdings, a clothing and accessories manufacturer. Financial terms were not disclosed. “The acquisition by Reliance ensured that ‘amante’ would benefit from Reliance’s scale and retail expertise and that the brand we created and our employees in India and Sri Lanka will continue to benefit from being a part of a well-established retail company," Mahesh Amalean, MAS Holdings Chairman.
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