Now Mukesh Ambani will enter the salon business, this is the plan of Reliance Retail.

The world’s eighth richest person Mukesh Ambani’s company Reliance Retail is now going to enter the salon business. According to media reports, the CEO of Chennai’s Naturals Salon & Spa has told that Reliance Retail is going to buy 49% stake in his company, for which talks are going on. This will help in increasing the business of Naturals Salon & Spa.

Naturals Salon & Spa has 700 salons in 20 states in India. After the investment of Reliance Retail, the company will be able to help in opening four to five times new salons. According to the website of Naturals Salon & Spa, the company has set a target of opening 3,000 salons across the country by 2025.

Salon has a business of 20 thousand crores in India

According to media reports, Salook has a business of 20 thousand crores in India, in which about 6.5 million people are involved. This is one of the businesses that have been badly affected during the Corona epidemic. However, now there is a good recovery in this business.

Naturals Salon & Spa rivals brands like Lakme

Naturals Salon & Spa currently competes with many brands including Lakme, Enrich, Hindustan Unilever in the salon and beauty parlor business in India. After the investment of Reliance Retail, its business will accelerate, due to which this company will be able to provide its service to the people in many different places in the country.