Arvind Fashions share price is up 8 per cent after the company sold its subsidiary, Arvind Beauty Brands Retail to Reliance Beauty and Personal Care.Arvind Fashions' share price is up 8 per cent at Rs 351.70 on BSE.Arvind Fashions has entered .
As part of the partnership with Sephora, Reliance Beauty & Personal Care Limited will take over the current India operations of Sephora's 26 stores across 13 cities from Arvind Fashions Limited.
Sephora, the world's leading omni-channel prestige beauty retailer, announced a partnership with Reliance Beauty & Personal Care Limited, a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL) to advance their shared ambition to develop and define the future of prestige beauty retail in India. The partnership gives RRVL exclusive rights to build and enhance Sephora's presence in India across channels.