Reliance Retail to enter the salon business
It is in talks with Chennai-based Naturals Salon & Spa
Reliance wants to enter into a joint venture with Groom India Salons & Spa
Groom India Salons & Spa is the parent company of Naturals Salon
Reliance Retail wants to acquire about 49 per cent stake in Naturals Salon
Naturals Salon & Spa has around 700 outlets in India
Reliance wants to grow it four to five times
Reliance Retail is yet to confirm it
Naturals Salon competes with Lakme and other regional brands
