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    Reliance Brands adds Zivame in its cart, acquires Ronnie Screwvala’s entire 15% stake

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    Reliance Brands has bought out the stake of Ronnie Screwvala-owned Unilazer Ventures in leading lingerie retailer Zivame and is in talks with other partners to take full control of the firm. People close to the development said Reliance Brands, which sells several premium and luxury labels such as Jimmy Choo, Tiffany, Diesel and Mothercare in India, could pay up to $160 million - or about Rs 1,200 crore - for acquiring Zivame.

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