India's Reliance Industries said to be in race to acquire UK's Debenhans

India's Reliance Industries said to be in race to acquire UK's Debenhans

REUTERS/Shailesh Andrade

Oil to retail conglomerate Reliance Industries Ltd (RIL) is said to be in the race to acquire Debenhams, a British multinational retailer operating department stores in the United Kingdom with franchise stores in other countries, Sky News reported on Wednesday.