UK’s Superdry announced on Wednesday that it will sell it’s intellectual property assets in South Asia to Reliance Retail for Rs 402 crore through a joint venture. The UK-based fashion retailer stated that it would own 24 per cent of the joint venture, while Mukesh Ambani’s Reliance Retail would control the remaining 76 per cent. The firm further stated in …
New Delhi: Reliance Brands Ltd., part of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd., on Wednesday entered a joint venture deal with the UK-based clothing retailer Superdry PLC, securing rights to the brand’s intellectual property in India, Sri Lanka, and Bangladesh and driving business in the said markets The deal, signed by Reliance Brands Holding, UK, has valued Superdry’s licences …
