Reliance Company which works in omnichannel business is now stepping one more step towards success. Reliance Company acquired the 40% stakes of famous Bollywood designer Manish Malhotra, MM styles Pvt. Ltd. Before this collaboration Ambani’s was not in the line of Luxury and decorated textiles but now Isha Ambani daughter 100bn club member Mukesh Ambani, Chairman of Reliance group collaborated with Manish Malhotra, The purpose to announce such a deal is not only to gain many profits by investing but also to recognize and appreciate the Royal and luxury Indian Couture worldwide, the message conveyed by Isha Ambani, Director of Reliance Digital. For which she is counting on Manish Malhotra who is a very famous designer in B-town.
Manish Malhotra and Reliance Brands Limited Partner To Build Brand ‘MANISH MALHOTRA’ into a Global Couture Powerhouse
RBL signs a definitive agreement to acquire 40% stake in MM Styles Private Limited that owns Manish Malhotra’s eponymous brand pic.twitter.com/TZMhGskvAs
— Flame of Truth (@flameoftruth) October 15, 2021
Reliance group is now into business with Designer Manish Malhotra. The command of a business leader is not changed nor the working patterns, Manish Malhotra will remain in charge of operations and the workforce will remain the same, only stakes a fraction of 40% of total stakes is deal with Reliance Company.
In this collaboration, Isha Ambani said : “ Our strategic partnership with Manish Malhotra is anchored in our immense respect of his craft and our deep commitment to Indian arts and culture. Being an entrepreneur, Manish the man behind the brand, has always been nimble and ahead of his times, Recognition and appreciation for Indian couture is at an inflation point globally we are excited to partner in this journey with Manish”
“As the brand (Reliance) aims for international expansion, business diversification, and renewed creative growth, there could have been no better strategic partner to accompany us on this journey,” Malhotra