Reliance to step into salon business, plans to buy 49% stake in Naturals
Reliance is all set to make an entry in salon business. Reliance Retail, a unit of Reliance Industries, is set to enter the salon business and is in talks to buy a 49% stake in Naturals Salon & Spa, the chief executive of the salon chain said in a social media post on Friday. Reliance Retail has extended its hands into various sectors this year and still Reliance Retail is not tired. It keeps on extending its business relations as much as possible. The existing promoters of Naturals Salon-parent, Groom India Salons & Spa, could continue running operations and Reliance’s funds would help expand its network of 700 salons in […]