Reliance Retail to buy 51% in Mothercare's India ops

Reliance Retail Ventures has acquired a 51% stake in Mothercare's India operations for 16 million pounds, while Mothercare retains 49%. This deal consolidates brand ownership and intellectual property under the India unit, helping Mothercare address its financial challenges and expand in South Asia.

Oct 18, 2024 - 07:30

Reliance Retail to buy 51% in Mothercare's India ops

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Reliance Retail Ventures has acquired a 51% stake in Mothercare's India operations for 16 million pounds, while Mothercare retains 49%. This deal consolidates brand ownership and intellectual property under the India unit, helping Mothercare address its financial challenges and expand in South Asia.