Reliance Retail Ventures completed the acquisition of a majority stake in Abraham & Thakore.

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.