Page 10 - Reliance Retail

Reliance Retail, Adani Group no longer bidding for Future Retail: Report

The new highest bid is from Space Mantra and five other companies have placed their bid for parts of the company

METRO completes deal with Reliance to sell its India Cash & Carry business

German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 store-occupied properties) to RRVL, said Metro AG in a statement. "METRO India will complement Reliance Retail's retail network in the future," it said. As per the deal, "all METRO India stores will continue to operate under the METRO brand during an agreed transition period." However, it also added, "For METRO employees and METRO customers, there will be no noticeable changes for the time being." Earlier on Dec 22 METRO and RRVL had announced the deal, as part of which billionaire Mukesh Ambani led firm will acquire German firm wholesale operations in India for Rs 2,850 crore. The deal will help Reliance Retail to strengthen its dominant position in ...

JC Flowers, Reliance Retail Ventures among 48 bidders for Future Retail

This month, the National Company Law Tribunal (NCLT) had granted an extension of 90 days for conducting the corporate insolvency resolution process (CIRP) of FRL and extended it to June 15, 2023

In tie-up with EL&N, Reliance to bring 'Instagrammable' cafes to India

Reliance announces exclusive partnership with EL&N after opening first Pret A Manger store

Reliance Retail enters JV with Circle E Retail for toy manufacturing

Reliance Retail, the country's leading retailer which owns iconic British toy brand Hamleys and home-grown toy brand Rowan, has entered into a joint venture with a Haryana-based firm for local manufacturing to meet the growing demand. The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. "We also had a JV with Circle E retail for toy manufacturing for vertical integration for our toys retailing business," said Reliance Retail CFO Dinesh Taluja during an earnings call last week. The company is now working on a strategy of integrating processes from design to shelf, according to industry sources. Under this, Reliance Retail would have control over the entire aspects of the toy ecosystem, right from designing and manufacturing to retailing of the product. This will also help Reliance reduce dependency on third-party manufacturers in phases. This new venture will cater for both the toys brands - Hamleys and

Reliance Retail Q4 net profit up 13% to Rs 2,415 crore; finance cost jumps

The business recorded gross revenue of more than Rs 2.60 trillion for FY23, a growth rate of 30% over last year

Reliance Retail Q4 profit rises 12.9% to Rs 2,415 cr, revenue up 21%

Its pre-tax profit (Ebitda) during the quarter was also up 32.63 per cent to Rs 4,914 crore

O2C segment may drive RIL's Q4FY23 revenue; retail, telco stable: Analysts

RIL Q4 preview: Analysts expect steady improvement across all segments of Reliance Industries in Q4FY23, with stronger base gross refining margins, and reduced impact of windfall tax

India Inc leans on InvITs to reduce debt, generate returns for investors

Reliance Retail to join the club; High returns attract overseas investors to InvITs

Reliance, Jindal Power among 49 companies to submit EoIs for Future Retail

As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II". Some of the other players who have submitted Expression of Interest (EoI) include Century Copper Corp, Greentech worldwide, Harsha Vardhan Reddy, J C Flowers Asset Reconstruction Pvt Ltd, Pinnacle Air Pvt Ltd, Universal Associates and WHSmith Travel Ltd amo

As Future Retail bankruptcy crawls, Adani and Reliance among bidders

Other names in list of prospective resolution applicants include Jindal Power, WH Smith Travel Ltd

Reliance Retail launches Tira to take on Nykaa, Tata Cliq in beauty space

Tata Group also recently entered the beauty space and launched its app and website - Tata Cliq Palette

Reliance Retail enters beauty segment with Tira, opens 1st store in Mumbai

Reliance Retail on Wednesday entered into the beauty space with the launch of Tira, an omnichannel beauty retail platform. The country's leading retailer will now compete with the brands like HUL's Lakme, Nykka, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace. Reliance Retail announced the launch of Tira, an omnichannel beauty retail platform. Along with the Tira app and website, it also opened its flagship Tira store at Jio World Drive in Bandra Kurla Complex in Mumbai. Tira has the potential to scale up its stores across cities, said industry sources. According to the online market and consumer data platform Statista, the Indian Beauty and Personal Care market amounts to USD 27.23 billion in 2023 and 12.7 per cent of the total revenue will be generated through online sales. Reliance Retail Ventures Ltd Executive Director Isha Ambani said, "We are excited to bring the Tira experience to our Indian customers. With Tira, we aim to break down barriers

Amul India's former MD Sodhi joins Reliance Retail's grocery division

R.S. Sodhi, former managing director of India's largest dairy brand Amul, has joined the grocery division of Reliance Industries retail unit, a person with direct knowledge of the matter told Reuters

Reliance Retail ropes in former Amul chief RS Sodhi to drive grocery biz

In January, Sodhi stepped down from the role of MD of GCMMF

After cola, Reliance begins price war in home and personal care space

Reliance is following the challenger strategy like in the telecom space, said Devangshu Dutta, founder at Third Eyesight

Retailers planning to roll-back discounts offered during Covid-19 pandemic

It is important to note that retailers across the board started offering steep discounts and also ran sudden flash sales in their stores to liquidate stocks during the Covid years

Coming to a kirana near you: Reliance Consumer expands FMCG play

Launches home and personal care range for 'Real India'

All you need to know about the richest Indian families and their wealth

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

Biyani withdraws resignation from post of exec chairman, director of FRL

The letter was received by the by resolution professional through e-mail on Tuesday