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Arvind Fashions sells Sephora India business to Reliance Retail for Rs 99 cr

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. ....

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Sephora: Reliance Retail to acquire Arvind Fashions' beauty retail business, ET Retail

Over consideration of sales, the company said: "transaction has been done at an enterprise value of Rs 216 crore towards the sale of the entire equity stake and repayment of loans. The Purchase consideration towards the sale of the entire equity stake is Rs 99.02 crore." ....

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