Home Retail Emaar-SRK to exit retail biz: Reports

    Emaar-SRK to exit retail biz: Reports

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    Dubai-based real estate giant Emaar and Bollywood star (SRK) are close to selling their highstreet retail distribution company Aryan to Bengaluru-based Primus Retail, reports .

    Aryan Lifestyle operates around 45 exclusive stores for brands like , and in the country.

    Meanwhile the deal size has not yet been ascertained.

    The transaction with Primus Retail is likely to be completed in the next two weeks, aaded the report quoting a Primus official

    Primus Retail already manages stores for and , apart from managing the distribution for brands like Disney. It acquired Weekender brand from two years ago and manages a retail portfolio of around 250 stores, nationally.

    — IndiaRetailing Bureau