Announced
Completed
Financials
Tags
Majority
clothing store
Domestic
India
Clothing and Accessories
Acquisition
Private
Single Bidder
designer clothing
Friendly
Completed
Synopsis
Reliance Retail Ventures, the retail venture of Reliance Industries, completed the acquisition of a majority stake in Abraham & Thakore, a fashion retailer. Financial terms were not disclosed. “Abraham & Thakore’s interesting use of material and fresh take on traditional textile techniques has crafted a highly distinctive design signature for the brand. With Indian luxury customers undergoing a generational consumption shift, there is heightened appreciation of Abraham & Thakore’s timeless design, and we are excited to partner with the brand to bring its unique expression of Indian craftsmanship to consumers globally,” Isha Ambani, Reliance Retail Ventures Director.
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