The UK-based retailer will hold 51 per cent in the venture, and will set up 50 stores in five years as part of its expansion plans. 


<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Retail chain Marks &amp; Spencer Group Plc (M&amp;S) has taken a majority 51 per cent stake in a new joint venture with Reliance Industries

M&S, Reliance ink retail JV

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