Page 14 - Reliance Retail

RRVL goes on a shopping spree; aims to strengthen its FMCG play

The company is also in initial stage talks with SG Corporates for Bindu Beverages as it looks to strengthen its FMCG play

Reliance Retail contributed over 63% of sales of Future Consumer in FY22

Reliance Retail was the largest customer of Future Consumer Ltd (FCL) in FY22, contributing 63.06 per cent of its sales, according to the annual report of the Kishore Biyani-led Future group's FMCG arm. FCL is engaged in the business of sourcing, manufacturing, branding, marketing and distributing food and processed food items and health and personal care (HPC) products. In the annual report, the list of top customers who individually contribute more than 10 per cent of FCL's total revenue mentions only two companies -- Reliance Retail and FRL -- which together contributed Rs 854.22 crore of its total revenue of Rs 970.08 crore, or nearly 88 per cent. Reliance Retail contributed Rs 611.75 crore, said the report, adding that the failure of the Rs 24,713 crore deal with Reliance Group in April this year had a significant impact on its business. Future group's flagship company Future Retail (FRL), now facing insolvency proceedings, contributed Rs 242.47 crore, which is around 25 per .

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After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.

Remember Campa Cola? It is set to return as Reliance Retail acquires brand

Reliance acquired Campa from Delhi-based Pure Drinks Group for around Rs 22 crore. It is expected to relaunch the drink in its iconic cola, lemon, and orange flavour in October

Best of BS Opinion: Path to a conducive environment

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New growth opportunities, high debt risk: How analysts interpret RIL's AGM

Analysts said that though the company is set to embark the journey of new growth opportunities in telecom, and new energy areas, it may lead to increase in near-term debt, and weaken the return ratios

BoI takes Future Lifestyle to NCLT under bankruptcy code for due recovery

FLFL - in its filing with the BSE - said Saraf and Partners, advocates, on behalf of BoI, has served a petition under Section 7 of the IBC 2016

Meta partners with Reliance Jiomart to offer grocery shopping on WhatsApp

'First-ever end-to-end shopping experience' on messaging platform, says Mark Zuckerberg

Reliance Retail will launch FMCG business this year: Isha Ambani at RIL AGM

Business Standard accessed a presentation, which includes the brands it has taken to general trade

Reliance to enter FMCG business this year, partner 10 mn merchants in 5 yrs

Reliance Retail will launch its FMCG business this year, Reliance Retail Ventures Ltd Director Isha Ambani said on Monday. The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high quality products at affordable pricing, she said while addressing Reliance Industries' annual general meeting. "This year, we will launch our FMCG goods business," she said. Besides, Reliance Retail will start marketing goods produced by Indian artisans. "As part of our commitment to India's rich culture and heritage, we will soon start marketing quality goods produced by tribals and other marginalised communities across India," Isha Ambani said. This will not only provide a gainful opportunity for employment and entrepreneurship but also help to preserve the talent, skill sets and knowledge base of the Indian artisans, especially women. Reliance Retail Ventures Ltd (RRVL) is the holding company of all the retail companies under the Reliance

Retail to Isha, new energy to Anant: RIL chairman details succession plan

Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm. Ambani had previously named son Akash as chairman of the group's telecom arm, Reliance Jio. At Reliance Industries Ltd's 45th annual shareholders meeting, Ambani introduced Isha as leader of retail business as he invited her to speak on integrating WhatsApp with the retail business. Isha, 30, gave a presentation on placing online grocery orders using WhatsApp and making payments. Ambani, 65, has three children twins Akash and Isha and youngest son Anant. Isha is married to Anand Piramal, son of Piramal Group's Ajay and Swati Piramal. Reliance has three broad businesses - oil refining and petrochemicals, retail and digital services that include telecom. While retail and digital services are housed in separate wholly-owned subsidiaries, the oil-to-chemical or O2C business is a functional division of Reliance.

RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report

Thailand's CP Group has placed a bid of about Rs 8,000 crore, or $1 billion, to acquire Metro Cash & Carry India

RIL AGM 2022: Ambani to unveil 5G phone, spell out new, bigger energy plans

On 5G, RIL may provide a timeline on rollout of its 5G services in 13 cities; Analysts believe the firm may revive plans for an O2C demerger which was shelved last year

Reliance Retail enters general trade with its own FMCG grocery brands

In the non-foods space, it has entered the personal care and home care business

Dunzo Daily to increase delivery time and reduce distance: Report

Company backed by Reliance Retail won't expand to new cities after burning more than Rs 100 cr in the last quarter

Changing customer behaviour helps establish new age e-commerce models

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

Reliance Industries increases related-party disclosures in FY22 report

Transaction details between RIL and its telecom, retail subsidiaries a positive: Analysts

Reliance Retail made investments to the tune of Rs 30,000 crore in FY22

The country's largest retailer made the investment in its retail business in organic growth, acquisitions and strategic partnerships

Lifestyle & grocery retailers reverse FY21 trend, hire over 180,000 people

The total number of employees in eight of the top retailers in India went up 57 per cent to 4,90,000 in FY22, with Reliance Retail hiring the most number of people at 1,61,000