Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, plans to enter the salon business and is in final stages to buy a roughly 49% stake in Naturals Salon & Spa, the Economic Times newspaper reported on Friday, November 4. However, Naturals’ Chief Executive CK Kumaravel said “the talks are at a nascent stage,” according to the report, which cited executives aware of the development.
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