As it has published the French newspaper Reuters, Reliance Industries Limited, a conglomerate of Indian companies with headquarters in Bombai, would be studying buy the signature Revlon. This decision has done it know days after the American cosmetic giant declared in failure.
Regarding his situation in failure, Revlon has blamed to the shortage of prime matters in the chain of production has done that so many providers like the other competitors have carried also to propiciar this situation: "With the shortage of necessary ingredients in the wallet of the company, the competition by any available material is strong".
With this action, Reliance Industries wants to desmarcarse of the oil sector and open hollow in the sector of the cosmetic, the fashion and the personal care. Definitely, an estretegia that takes advantage of to diversify his line of business. Since this decision did publishes, the actions of Revlon went up until 62%. Mukesh Ambani, the owner of Reliance, has considered the offer and already has put in contact with people that form part of Revlon to speak on the subject.
Who is Mukesh Ambani?
Mukesh Ambani Is a born man in Aden, India, in the 1957. It is a prestigious employer and engineer of the Indian. Besides, it is the president, general director and the greater shareholder of Reliance Industries, that is the greater Indian company of the private sector.
In his country are known for being the richest family of the country. His companies generated the past 2021 more than 72.500 million dollars. Relience Is the first company of Indian by stock market capitalisation and profits, and his branches arrive to all type of industries: telecommunications, means of information, petrochemical, textile and natural resources. And seem to be that Ambani want to more, thus it looks for adentrarse in the sector beauty of the hand of the acquisition of Revlon. The company of Ambani supposes 20% of the exports of all the country.