India's Arvind Fashions to sell beauty brands division to Reliance for almost $12m

India's Arvind Fashions to sell beauty brands division to Reliance for almost $12m

Photo: Element5 Digital / Unsplash.com

Arvind Fashions said on Friday it will sell its beauty brands division, which retails products of LVMH-owned beauty chain Sephora, to billionaire Mukesh Ambani’s retail unit Reliance Retail for 990.2 million rupees ($11.89 million).