Mothercare, South Asia and Reliance Industries
UK's Mothercare partners with Reliance to strengthen South Asia presence
Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South Asian region, and said it refinanced its existing debt facilities with Gordon Brothers.
Mothercare Enters Into Joint Venture for South Asia; Agrees on New Debt Facilities
Mothercare said it entered into a joint venture with Reliance Brands Holding UK to collaborate in South Asia, and that it agreed on new debt facilities. The U.K. baby-products retailer said Thursday that its subsidiary Mothercare Global Brand will hold a 49% stake in the JV,
Reliance Inds' retail arm to form JC with Mothercare plc for South Asia
Reliance Industries said that Reliance Brands Holding UK and Mothercare plc will form a joint venture that will own the Mothercare brand and its intellectual property assets related to the regions of India,
UK's Mothercare Partners With Reliance Brands To Strengthen South Asia Presence
Mothercare said on Thursday it also secured new debt facilities of 8 million pounds, helping the London-listed company reduce its debt.
Reliance Brands, Mothercare deepen ties with new joint venture for South Asia
The new partnership will see Reliance Brands Holding UK Ltd (RBL UK), a unit of Reliance Brands Ltd, take a 51 percent stake in the joint venture while Mothercare Global Brand Ltd retains the remaining 49 percent.
Reliance announces joint venture with Mothercare, aims to expand in South Asia
Under the terms of the agreement, RBL UK will hold a 51% stake in the joint venture, while Mothercare Global Brand Limited will retain a 49% interest. RBL UK will acquire its stake for a cash consideration of £16 million.
Reliance Brands and Mothercare form new joint venture for South Asia
Under the agreement, RBL UK will hold a 51 per cent stake in the joint venture, while Mothercare Global Brand will retain the remaining 49 per cent interest. RBL UK will acquire the stake for a cash consideration of £16 million,
Reliance Brands forms new JV with Mothercare Plc for South Asia market
Reliance Brands Holding UK Limited (RBLUK), a wholly-owned subsidiary of Reliance Brands Limited, will hold a 51 per cent stake in the joint venture, while Mothercare Global Brand Limited will retain the balance 49 per cent interest.
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