Page 12 - Reliance Retail

13 companies including Reliance in final list of prospective buyers for FRL

Reliance Retail, Adani Group's JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in the final list of prospective resolution applicants after receiving no objections from stakeholders concerned to the provisional list issued on November 10, said an update from Resolution Professional for Future Retail Limited (FRL). "No objections were received pursuant to the issuance of the provisional list of the prospective resolution applicants which was issued on November 10, 2022," as per the update. Besides Reliance Retail and April Moon Retail, other prominent entities in the race are Capri Global Holdings, Dharampal Satyapal, Nalwa Steel and Power, Shalimar Corp, SNVK Hospitality and Management, United Biotech and WH Smith Travel. FRL was dragged into insolvency proceedings by its lender Bank of India after it defaulted on loans. Its lenders rejected a Rs ...

Delhi HC rejects Future Group plea to terminate arbitration before SIAC

Judge says he hasn't expressed any opinion on merits of the arguments raised by the parties; arbitration before SIAC will continue as intended

Delhi HC rejects Future Group's plea to terminate arbitration before SIAC

On November 17, the Supreme Court had said that it would not allow stalling of arbitrary proceedings between Future Group and Amazon before the SIAC

11 e-commerce firms on board govt campaign to fight fake reviews

Firms to develop filtering & control tools and algorithms, verification and control processes

Here is why bidders are keen on Future Group's logistics, warehousing arm

Sources say these companies have expressed their interest in Future Retail assets in the hope that they will acquire assets of Future Supply Chain Solutions as well

Marks & Spencer to turbo charge growth rate in India, open one store/month

M&S opened its first store in India in 2001 and in April 2008, it signed a joint venture with Reliance Retail

Reliance may retain Metro India's top management post-acquisition: Report

The acquisition includes 31 wholesale distribution centres, land and other assets owned by Metro

Reliance Retail to buy 49% in Naturals Salon by first half of Q4: sources

Through funds raised from the deal, Naturals is planning to expand its footprint across the country. It currently runs 700 salons in 20 states and is planning to increase that to 3,000 by 2025

Reliance Retail to foray into salon business by acquiring Naturals: Report

With this, Reliance Retail will directly compete with Hindustan Unilever's Lakme and other brands like Geetanjali

Reliance Retail rolls out athleisure brand Xlerate on AJIO Business

The brand caters to requirements of sports and fitness enthusiasts

Reliance & Tata entry in beverages segment positive: Coca-Cola India prez

Entry of big companies such as Reliance Retail and Tata Consumer Products in the beverages segment is positive and will only help the category to expand, Coca-Cola President (India and Southwest Asia) Sanket Ray said on Tuesday. The entry of the two home-grown majors is a "great opportunity" albeit with enhanced competition and Coca-Cola India would invest to develop the market further and bring innovations to evolve the category and ultimately benefit the consumers, he said here in an interaction. Ray, however, said the entry of Reliance Retail and Tata Consumer Products can result in "some disruptions at the local level" leading to consolidation, but pricing will not be a game changer. "This category penetration is one of the lowest in FMCG. Coke and Pepsi do not have enough budget to get into that," he said when asked how the market dynamics would be with the entry of new players. Reliance Retail had acquired the home-grown brand Campa Cola signalling its intention to enter the

Reliance Retail to expand biz in affordable toy segment through Rowan brand

Reliance Retail is expanding its business into the fast-growing toy sector through its brand Rowan to operate in the affordable segment with a smaller shop size. The company was running its toy distribution business through Rowan. It has now brought this homegrown brand to the front end by opening its first EBO (exclusive brand outlet) at Gurugram in NCR in the last quarter with a store size of 1,400 sq feet. Under this new format, Reliance Retail, the retail arm of Mukesh Ambani-led Reliance Industries, will have a range of affordable toys not only from the brand Rowan on its shelves but also from other brands, said an industry source. Reliance Retail also has the iconic British toy retail brand Hamleys in its fold. Hamleys is the world's oldest toy retailer and was acquired by Reliance in 2019, marking the first acquisition of a global retail brand by the company. Hamleys would continue to operate in the premium space, while brand Rowan would help Reliance Retail to tap the ...

Windfall tax impact: Reliance net profit flat in Q2 at Rs 13,656 crore

Bottomline misses estimates, net revenue jumps 37.3 per cent YoY to Rs 2.3 trillion; to list financial services arm

Reliance Retail net profit grows 36% in Q2; revenue up 44.5% YoY

Reliance Retail saw its (gross) revenue at Rs 64,920 crore, up 42.9 per cent year-on-year

Jio's maiden laptop JioBook now available for purchase on Reliance Digital

Priced at Rs 15,799, JioBook is powered by a 5,000 mAh battery and sports 11.6-inch HD screen

RIL's telecom, retail biz to shine in Q2; O2C muted, say analysts

Volatile energy markets, windfall taxes to contribute to O2C weakness; company to report results on Friday

Reliance Retail to mark entry in beauty and personal space market in Jan

The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline

Indian saree market sees big corporates battling traditional players

Larger groups like the Tatas, Aditya Birla and Reliance Retail are slowly making a mark in a Rs 46,400 cr industry that is otherwise ruled by traditional organised and unorganised players

Reliance Retail's brand partnerships increase three-fold in the past decade

A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform

Reliance Retail, NBA sign contract to launch merchandise in India

The new merchandise is available for fans at select Reliance Retail stores across the country and on Reliance Retail's e-commerce platforms.