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Reliance Retail Buys 89% Stake In Lingerie Retailer Clovia: 5 Points

Reliance Industries subsidiary, Reliance Retail Ventures (RRVL), has acquired a majority 89 per cent equity stake in Purple Panda Fashions Pvt Ltd, a company statement showed. Purple Panda operates the online lingerie brand Clovia. With this, Reliance Retail will further expand its reach in the innerwear segment. The RIL's retail arm has already acquired Zivame and Amante brands in the past. ....

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