Categories: Business

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

LONDON, ENGLAND - FEBRUARY 02: Manish Malhotra attends a reception and dinner for supporters of The British Asian Trust on February 2, 2017 in London, England. (Photo by Tim P. Whitby/Getty Images)

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.

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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.

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Sumit Arora

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