superdry: Reliance Brands signs agreement to acquire majority ownership of Superdry for Indian territory
Superdry has entered into a joint venture agreement with Reliance Brands to sell its intellectual property assets in India, Sri Lanka, and Bangladesh for £40 million. Superdry will invest £9.6 million in the alliance, and the South Asian IP generated around 1.8% of total Superdry group sales for the financial year ending April 2023.
Source: indiatimes.com