S&R Associates advised Cloe sale to Reliance

S&R Associates advised Cloe sale to Reliance

RRVL is acquiring the leading fashion brands and investing in the fashion industry

S&R Associates advised Cloe Holdings in the proposed sale of its shares in Purple Panda Fashions, owner and operator of the brand Clovia, which designs, manufactures and sells innerwear, activewear, and personal care products online and through retail outlets, to Reliance Retail Ventures Limited ("RRVL"), as part of RRVL's INR 9.5 billion acquisition of an 89% stake in Purple Panda Fashions.

The S&R team is led by partners Sanjeev Adlakha and Prachi Goel.

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