Reliance Retail Ventures buys majority stake in Abraham & Thakore

Last year, RIL arm had partnered Manish Malhotra's brand and Raghavendra Rathore's company

Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries and the holding company of all retail companies within the group, has invested in Abraham & Thakore Exports for a majority stake.

RRVL seeks to leverage its subsidiary Reliance Brands’ (RBL’s) deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build Abraham & Thakore’s global appeal in the fashion and lifestyle category, Reliance Industries said in a press release.

Launched in 1992 by David Abraham and Rakesh Thakore, they were soon joined by Kevin Nigli. The design trio, David Abraham, Rakesh Thakore