Reliance Retail Ventures acquires amanté lingerie brand in Sri Lanka

Reliance Industries Limited said that its subsidiary — Reliance Retail Ventures Limited (RRVL) has acquired the amanté lingerie brand from MAS Brands for an undisclosed price.

The Indian conglomerate said that the acquisition of the retail lingerie businesses is part of its journey to provide superior design led products and a compelling value proposition for customers.

MAS Brands is a fully-owned subsidiary of MAS Holdings, Sri Lanka.

The deal was closed on 11 November 2021.