Breaking News Hot News Local News

Ambani’s Dependence Retail obtains ‘amanté’ from MAS Holdings



RRVL, the retail arm of Mukesh Ambani-led Dependence Industries Limited, has actually obtained 100% risk of ‘amante’ brand name from MAS, according to a joint declaration released by the 2 firms.

Dependence Retail Ventures Limited (RRVL) has actually obtained retail underwear organizations under the ‘amante’ umbrella brand name from MAS Brands, a wholly-owned subsidiary of Sri Lanka-based MAS Holdings, for a concealed quantity.

The ‘amanté service’, which was developed by MAS in 2007, is participated in retail and also wholesale circulation of costs underwear under brand names ‘amanté’, ‘Ultimo’ and also ‘every dé by amanté’.

The items are offered with company-owned shops and also multi-brand electrical outlets, in addition to with its ecommerce networks throughout India and also Sri Lanka.

RRVL, the retail arm of Mukesh Ambani-led Dependence Industries Limited, has actually obtained 100% risk of ‘amante’ brand name from MAS, according to a joint declaration released by the 2 firms.

RRVL supervisor Isha Ambani claimed, “We are honored to include the excellent quality, design-led style and also way of living brand name amante to our profile. MAS is a well-recognised item trendsetter and also producer for several of the legendary international brand names in this sector – the collaboration and also partnership we construct along with them will certainly supply Indian consumers first-rate item high quality and also better selections in this sector.”

MAS Holdings chairman Mahesh Amalean claimed, “The procurement by Dependence made sure that ‘amanté’ would certainly take advantage of Dependence’s range and also retail know-how which the brand name we developed and also our staff members in India and also Sri Lanka will certainly remain to take advantage of belonging of a reputable retail firm.”

Additionally reviewed|Dependence Retail ventures right into ultra-premium grocery store sector with ‘Freshpik’

MAS founder Ajay Amalean claimed, “This was a company MAS developed from scratch, leveraging on years of know-how in the underwear service, so we are delighted to see it change to brand-new investors and also a moms and dad organisation that, undoubtedly, will certainly make it possible for the brand name and also the firm to prosper. RRVL will certainly remain to work together and also companion with MAS to utilize its design-to-delivery abilities in lasting production and also item technology,” the declaration claimed.

In 2014, RRVL had actually obtained a minority risk in Actoserba Energetic Wholesale, which possesses and also runs on the internet underwear shop Zivame.

In October, RRVL got a 52% risk in expert couturier Ritu Kumar’s company Ritika Private Limited for a concealed quantity.

Besides, Dependence Brands Limited (RBL) has actually revealed to select a 40% minority risk in popular stylist Manish Malhotra’s MM Styles Private Limited.
RRVL, a subsidiary of RIL, is the holding firm of all the retail firms of the Dependence Team. RRVL had actually reported a combined turn over of 1,57,629 crore for the year finished March 31, 2021.

( The Hindu)





Source link

Related posts

Sajith seeks presidential pardon for Ranjan

Rohan

Sri Lanka validates an additional 29 coronavirus fatalities

Rohan

‘Antibiotic resistance’ growing into a worldwide well being disaster

Rohan

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy