Mothercare has entered a joint venture with Reliance Brands Holding UK, giving the new entity ownership of the Mothercare brand and intellectual property in India, Nepal, Sri Lanka, Bhutan, and Bangladesh.
Reliance Brands holds a 51 per cent stake, while Mothercare retains 49 per cent.
The partnership strengthens Mothercare’s presence in South Asia and supports reducing its bank facilities and leverage.
Reliance Brands holds a 51 per cent stake, while Mothercare retains 49 per cent.
The partnership strengthens Mothercare’s presence in South Asia and supports reducing its bank facilities and leverage.
