Reliance signs definitive agreement with designer Manish Malhotra - NewsBreak

New Delhi, Oct 16 (SocialNews.XYZ) Designer Manish Malhotra and Reliance Brands Limited (RBL) have established a strategic alliance aimed at speeding up the 16-year-old couture house's global expansion goals. RBL has signed a definitive agreement to invest in founder and creative director, Manish Malhotras eponymous brand for a 40% minority stake. This is the brand's first outside investment, as it was previously owned solely by the designer.