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Reliance Industries’ Retail Unit buys ITC's menswear brand John Players

26 Mar 2019 Evaluate

Reliance Industries’ Retail Unit--Reliance Retail (RRL) has acquired ITC’s menswear brand John Players. The acquisition would strengthen RRL's readymade garments and accessories portfolio in the fashion and lifestyle retail space. ITC sold the brand John Players and related trademarks and intellectual property to Reliance Retail as part of its restructuring plan.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1163.55
Indian Oil Corpn. 130.00
Bharat PetroleumCorp 284.30
HPCL 339.50
MRPL 173.05
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