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The Times of India

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PTI

Reliance Retail invests in Abraham & Thakore for majority stake

Reliance Reliance Retail David Abraham Mukesh Ambani New Delhi RBL

NEW DELHI: Billionaire Mukesh Ambani's Reliance group on Tuesday said its retail arm has invested in luxury fashion house Abraham & Thakore for an undisclosed majority stake, strengthening the line of lifestyle brands under its umbrella.

"Reliance Retail Ventures Ltd, a subsidiary of BSE-listed Reliance Industries Ltd and the holding company of all retail companies within the group, has invested in Abraham & Thakore Exports Pvt Ltd for a majority stake," the firm said in a statement.

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