Reliance Brands buys 40% stake in designer Manish Malhotra’s MM Styles: Reports

Reliance Brands Ltd (RBL), part of Mukesh Ambani-led Reliance Industries Ltd, acquired 40 per cent stake in famous designer Manish Malhotra’s MM Styles Pvt Ltd. According to a Reliance Brands statement, this “strategic partnership” is the first “external investment” for MM Styles Pvt Ltd. Manish Malhotra…