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Bombay Rayon to acquire apparel brand Guru

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In a deal worth 33 million euros, leading apparel maker Bombay Rayon Fashions’ Netherland unit will acquire ‘Guru’, an apparel brand from Italy-based Jam Sessions Holdings.

The company will also take over other retail business of the Italian firm.

Reply to Indiaretailing’s email to Bombay Rayon was awaited till the filing of this report.

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