Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus News

Mothercare and Reliance form Joint Venture for South Asia

Mothercare has been a trusted name for parents in India for years, and this joint venture marks an exciting new chapter in our partnership. It’s been incredibly rewarding to work alongside the talented Mothercare team

author-image
SMEStreet Edit Desk
18 Oct 2024 11:44 IST

Follow Us

New Update
Darshan Mehta, Managing Director, Reliance Brands Limited

Darshan Mehta, Managing Director, Reliance Brands Limited

Listen to this article
0.75x 1x 1.5x
00:00 / 00:00

Mothercare plc (“Mothercare” or the “Company”), a global specialist in products for parents and young children, and Reliance Brands Holding UK Limited (“RBL UK”), a wholly-owned subsidiary of Reliance Brands Limited, today announced the formation of a new joint venture that will own the Mothercare brand and its intellectual property assets related to the regions of India, Nepal, Sri Lanka, Bhutan, and Bangladesh.

Under the agreement, RBL UK will hold a 51% stake in the joint venture, while Mothercare Global Brand Limited will retain the residual 49% interest. RBLUK will acquire the stake for a cash consideration of £16 million. This joint venture will act as the franchisor of the Mothercare brand in the specified South Asian regions, unlocking new growth opportunities while leveraging the strengths of both organizations.

"Mothercare has been a trusted name for parents in India for years, and this joint venture marks an exciting new chapter in our partnership. It’s been incredibly rewarding to work alongside the talented Mothercare team, and this deeper collaboration reflects the strong relationship we’ve built over time. I’m excited about the opportunities this new era brings as we continue to expand the brand’s presence across South Asia," said Darshan Mehta, Managing Director, Reliance Brands Limited.

Reliance Brands first acquired the rights to the UK-based Mothercare brand for the Indian market in 2018 and currently operates 87 stores across 25 cities, in addition to a strong presence on e-commerce platforms.

Clive Whiley, Chairman of Mothercare, commented, “Today’s agreement strengthens our operations in South Asia through an even closer working relationship with Reliance, our existing valued franchise partner, and underlines the intrinsic value of the Mothercare brand strength. We have renewed confidence in the opportunity that this reinvigorated joint-venture now presents.  We look forward to working even more closely with Reliance Brands as our joint venture partner and not just as a franchisee in the region, moving forward together.”

Key Highlights of the Joint Venture:

  • Ownership and Management of Mothercare’s Intellectual Property: The new entity, JVCO 2024 Ltd, will own the Mothercare brand and related IP assets for India, Nepal, Sri Lanka, Bhutan, and Bangladesh.
  • Franchise Operations in South Asia: The joint venture will be responsible for managing and franchising the Mothercare brand in these regions, ensuring brand consistency and customer engagement.
  • Strategic Investment: RBL UK will acquire a 51% stake in the joint venture, highlighting the strength of the partnership and Reliance’s commitment to growing the Mothercare brand.
Mothercare Reliance
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!