Reliance Brands acquires 40% stake in designer Manish Malhotra’s MM Styles

Reliance Industries Ltd’s Reliance Brands Ltd (RBL) and famous designer Manish Malhotra have announced a strategic partnership to acquire a 40 per cent stake in Malhotra’s MM Styles Pvt Ltd. According to a Reliance Brands statement, this “strategic partnership” is the first “external investment” for MM Styles Pvt Ltd.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Launched in 2005, the Manish Malhotra luxury retail is spanned across four flagship stores in Mumbai, New Delhi, and Hyderabad. Manish Malhotra, the main architect behind the 16-year-old couture house, will continue to be at the helm of affairs of MM Styles Pvt Ltd as managing and creative director.

Find More Business News Here