Reliance Retail to foray into salon business by acquiring Naturals: Report

With this, Reliance Retail will directly compete with Hindustan Unilever's Lakme and other brands like Geetanjali

Reliance Retail is looking to make deeper inroads into India. The company is in talks to buy a 49 per cent stake in Naturals Salon & Spa, adding the salon business to its portfolio. With this, as reported in the Economic Times (ET), the company will directly compete with Hindustan Unilever's Lakme and other brands like Geetanjali. 

An executive aware of the matter told ET that the company is in the final stages of acquiring about 49 per cent stake in Groom India Salons & Spa, the parent company of Naturals salon. 

During the Covid-19 pandemic, in which the spa business