M&A

M&A

Reliance Retail to buy Arvind Fashions' beauty retail unit for Rs.99-Cr

  Business Line  

Reliance Retail Ventures (RRVL), through Reliance Beauty and Personal Care, is buying Arvind Beauty Brands Retail, a subsidiary of Arvind Fashions that runs the Sephora India business, for INR 99 crore. The transaction values Arvind Beauty Brands at INR 216 crore. Sephora operates 26 stores in 13 Indian cities selling skincare, makeup, fragrance and hair-care products. It has partnered with Arvind over the last eight years. Sephora is part of French luxury goods maker LVMH, which also owns Louis Vuitton.