09 March 2024
Mukesh and Isha Ambani's Reliance Retail, India's foremost organized retailer, is currently engaged in discussions with Italian beauty brand Kiko Milano regarding the potential acquisition of its operations in India. This strategic move is aimed at bolstering Reliance's foothold in the beauty market and intensifying competition with key rivals like Nykaa and Shoppers Stop. The talks follow Reliance Retail's recent acquisition of the Sephora beauty business in November last year, valued at Rs 216 crore, according to a Financial Express report.
Mukesh and Isha Ambani's Reliance Retail, India's foremost organized retailer, is currently engaged in discussions with Italian beauty brand Kiko Milano regarding the potential acquisition of its operations in India. This strategic move is aimed at bolstering Reliance's foothold in the beauty market and intensifying competition with key rivals like Nykaa and Shoppers Stop. The talks follow Reliance Retail's recent acquisition of the Sephora beauty business in November last year, valued at Rs 216 crore, according to a Financial Express report.
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