Reliance Brands pips FirstCry.com to operate Mothercare stores in India
Reading Time: 2 minutes Post Views: 5,229 Reliance Brands has edged out FirstCry.com to acquire the rights to operate stores of UK-based kids products company Mothercare in India. FirstCry.com was in advanced stages of talks with DLF Brands before Reliance emerged and snapped up the rights. Reliance Brands sells international labels such as Diesel, Hamleys, Kenneth Cole and Steve Madden in India. The deal gives the unit of Reliance Industries control over all Mothercare outlets currently run by DLF Brands. Emails sent to DLF Brands and Reliance Brands seeking details of the deal…
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