06.20.22
According to a report from ET Now, Indian conglomerate Reliance Industries is considering purchasing Revlon Inc. days after the global beauty company filed for bankruptcy.
Reliance has pushed its way into the fashion and personal care space in recent months as it diversifies away from its mainstay oil business. It has already established a foothold in telecom and retail sectors.
Mukesh Ambani, the sole chair and managing director at Reliance, was named as the tenth richest person in the world by Forbes in 2022.
Revlon reportedly fits well with Reliance Industries’ omnichannel plans for beauty & personal care.
Reliance has pushed its way into the fashion and personal care space in recent months as it diversifies away from its mainstay oil business. It has already established a foothold in telecom and retail sectors.
Mukesh Ambani, the sole chair and managing director at Reliance, was named as the tenth richest person in the world by Forbes in 2022.
Revlon reportedly fits well with Reliance Industries’ omnichannel plans for beauty & personal care.
