Reliance Retail to buy 49% in Naturals Salon by first half of Q4: sources

Through funds raised from the deal, Naturals is planning to expand its footprint across the country. It currently runs 700 salons in 20 states and is planning to increase that to 3,000 by 2025

India’s largest retailer Reliance Retail is expected to sign a deal with Naturals Salon and Spa to acquire 49 per cent stake in the Chennai-based company by the first half of the next quarter, said a source aware about the development. This is likely to mark the entry of Reliance Retail into the salon business.

“We expect the deal to happen in a month's time or by the first half of the next quarter,” the source said in terms of anonymity. Through the funds raised from the acquisition, the company is planning to expand its footprint across the country. At