Brands
Reliance Brands acquires Rhea Retail for $30 million
MUMBAI: Mukesh Ambani led Reliance Brands Limited, a subsidiary of Reliance Industries Ltd, has acquired Rhea Retail Pvt. Ltd. Reliance acquired 100 per cent stake in the company for $30 million (Rs 203.46 crore)in an all cash deal.
Rhea was incorporated in 2007 and is in the business of selling of products in India for expectant mothers and in general merchandise for children. The company’s turnover for FY 2017-18 stood at Rs 200 Cr.
With this acquisition, Reliance Brands will expand its product portfolio.
The acquisition of Rhea does not fall under related party transaction and none of the promoters / promoter group / group companies have any interest in Rhea.
Reliance Brands has a portfolio of over 40 international brands. These include luxury, bridge-to-luxury, high-premium and high-street lifestyle segments such as Gas, Diesel, Marks & Spencer and Steve Madden.
In 2017, Reliance Brands acquired a 46.6 per cent stake in Genesis Luxury Fashion Pvt. Ltd, which operates brands such as Michael Kors, Armani and Canali.
Brands
Neeraj Jha named head of sports business – India and South Asia at Warner Bros. Discovery
From Eurosport to WBD, Jha charts a new course for sports in India and South Asia
GURUGRAM: Neeraj Jha has been appointed head of sports business for India and South Asia at Warner Bros. Discovery, marking an exciting new chapter in a career that has long been at the crossroads of sports, media, and live entertainment.
Jha’s journey in the world of broadcast and sports media spans over two decades, from producing live shows at Ten Sports to shaping content strategy at Zee, IMG, and Eurosport. Most recently, he served as director of content, programming and acquisition at Warner Bros. Discovery, where he drove year-on-year Ebitda growth and steered the network’s programming, satellite planning, and on-air promotions. His expertise ranges from content acquisition and marketing to broadcast operations and strategic partnerships.
Colleagues praise Jha for thinking outside the box. “When constraints are immense, he delivers results no matter what,” one senior executive remarked, highlighting his knack for sourcing compelling content and intellectual property for the South Asian market.
Beyond the boardroom, Jha co-founded SEEtalks, a live event series designed to inspire audiences with compelling stories, reflecting his passion for storytelling and community engagement.
From launching daily sports news shows to localising global content like WWE Wrestling for Indian audiences, Jha’s career has been a blend of creativity and operational excellence. As he steps into this new role, the sports broadcasting landscape in India and South Asia is set for a fresh and dynamic chapter.
