M&A

M&A

Reliance Retail acquires lingerie brand amanté from Sri Lanka's MAS Holdings

Economic Times  

Mumbai-based Reliance Retail, part of publicly listed Reliance Industries Ltd, has acquired the amanté lingerie brand from its Sri Lankan owner, MAS Holdings. Established in 2007, amanté sells lingerie brands ‘amanté', ‘Ultimo' and ‘every dé by amanté' through its own stores and multi-brand outlets, as well as through its e-commerce channels. Colombo-based MAS Holdings is one of the largest textile manufacturers in South Asia with facilities in 16 countries. It supplies products to global bigwigs like Victoria's Secret and Marks and Spencer.