Reliance Retail Ventures has acquired a 51% stake in Mothercare’s India operations for 16 million pounds, while Mothercare retains 49%. This deal consolidates brand ownership and intellectual property under the India unit, helping Mothercare address its financial challenges and expand in South Asia.
Related Posts
Unseasonal heavy rains in August slowed down economy in quarter 2: RBI
RBI notes a temporary slowdown in India’s economy due to heavy rains and ‘pitru paksha’. However, it remains optimistic about a recovery driven by festival […]
SpiceJet’s Ajay Singh may sell over 10 pc stake in airline to raise funds
Ajay Singh, SpiceJet’s chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September’s end. The […]