11 November 2021 05:42 pm Views - 468
Sri Lanka’s MAS Holdings today said one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was acquired by Reliance Retail Ventures Limited, a subsidiary of India’s Ambani-owned Reliance Industries.
The press release issued by MAS Holdings did not provide any numbers with regards to the sale.
The amanté business, which was established by MAS in 2007/8, engages in the retail and wholesale distribution of premium lingerie brands amanté, Ultimo and every dé by amanté. The company sells its product through its own stores and multi-brand outlets, as well as through its e-commerce channels across India and Sri Lanka.