Mothercare Enters Into Joint Venture for South Asia
UK's Mothercare partners with Reliance to strengthen South Asia presence
Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South Asian region, and said it refinanced its existing debt facilities with Gordon Brothers. Reliance Brands,
Mothercare and Reliance Brands form JV for South Asia markets
The JV, which will serve as the franchisor of the Mothercare brand in the five countries, will combine the strengths of both companies to drive growth in the region. Reliance Bran
Mothercare Enters Into Joint Venture for South Asia; Agrees on New Debt Facilities
Mothercare said it entered into a joint venture with Reliance Brands Holding UK to collaborate in South Asia, and that it agreed on new debt facilities. The U.K. baby-products retailer said Thursday that its subsidiary Mothercare Global Brand will hold a 49% stake in the JV,
Reliance Brands and Mothercare form new joint venture for South Asia
Under the agreement, RBL UK will hold a 51 per cent stake in the joint venture, while Mothercare Global Brand will retain the remaining 49 per cent interest. RBL UK will acquire the stake for a cash consideration of £16 million,
Reliance Brands forms new JV with Mothercare Plc for South Asia market
Reliance Brands Holding UK Limited (RBLUK), a wholly-owned subsidiary of Reliance Brands Limited, will hold a 51 per cent stake in the joint venture, while Mothercare Global Brand Limited will retain the balance 49 per cent interest.
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