Reliance Brand eyes aquisition

Sep 27, 2010 |

Correspondent

Reliance Brands, a subsidiary of Mukesh Ambani-led Reliance Retail, is scouting for acquisition in the domestic market, besides launching its own luxury label in the next 18 months. The company, which at present predominantly focusses on men’s range, plans to focus on women and kidswear categories. “We are mulling launching our own brand and have already started work on that and dedicating resources for the same. If everything goes as planned, in the next 18 months it should get going,” Reliance Brands president, Mr Darshan Mehta, said. The firm is in discussions with a few existing Indian firms operating in apparel, and accessories space for buys.

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