Reliance to step into salon business, plans to buy 49% stake in Naturals

Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, is set to enter the salon business and is in talks to buy a 49% stake in Naturals Salon & Spa, the chief executive of the salon chain said in a social media post on Friday. The existing promoters of Naturals Salon-parent, Groom…