Fashion

Myntra to acquire Hrithik’s clothing HRX

hrx new
File photo

20 July,2016: Online retailer Myntra.com is buying a major stake in Bollywood star Hrithik Roshan’s clothing and shoes brand HRX.

However, Myntra did not disclose the financial terms of the deal but said it will be completed in the coming weeks and aims to boost up the brand.

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The vice President of Myntra,Rajesh Nargar said , “This deal will add an attractive sportswear and lifestyle brand in our private brands collection…Buying an equity stake in HRX will align our vision with HRX’s over the long term,”

Kamal pinwani who is the chief financial officer Puwani said, Hrithik’s HRX is planning to open offline stores with exclusive outlets in India and later to countries in West Asia.

Wefornews Bureau

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