Mukesh Ambani’s Reliance Retail Acquires Majority Stake In Online Retail Brand Clovia For $125 Million
The retail arm of billionaire Mukesh Ambani’s Reliance Industries purchased an 89% equity stake in Purple Panda Fashions, which owns and operates Clovia, for $125 million. Purple Panda Fashions’ flagship brand Clovia is a direct-to-consumer online retail innerwear and loungewear brand for women. Clovia offers over 3,500 product styles that have been purchased by over 3 million women, according to…
Share