- Clovia business is an industry leader in the bridge-to-premium intimate wear category.
- It has an investment of Rs. 950 crores with the secondary stake investment.
- This will strengthen its portfolio in the innerwear segment which has already acquired Zivame and Amante brands.
- Through this partnership, it will benefit from Reliance’s scale and retail expertise, extending the presence of the brand and bringing together a stronger value proposition through world-class quality, design, and fashion in the intimate wear category.
- It also recently entered into a joint venture with fashion designers Rahul Mishra and Anamika Khanna.
- The Clovia was launched in 2013.
Question:
Q.1 Recently, Reliance Retail Ventures acquired Clovia dat 89% stake. In which year Clovia was launched?
a. 2015
b. 2014
c. 2013
d. 2017
a. 2015
b. 2014
c. 2013
d. 2017
