Reliance Brands Acquire Genesis Luxury
After month-long negotiation, Reliance Brands, a subsidiary of Reliance Retail that handles the ‘luxury’ portfolio has fully acquired Genesis Luxury, the group brand of Genesis Colors backed by American private equity firm Sequoia Capital. Genesis Luxury had the portfolio of brands like Bottega Veneta, Jimmy Choo, Paul Smith, Burberry and Armani among others. Reliance Retail had […]