Page 5 - Reliance Retail

Reliance Retail, British shoemaker Clarks terminate 2-yr old joint venture

The country's leading retailer Reliance Retail and British Shoe maker Clarks have terminated their two-year old joint venture, an industry source said. Differences between both partners have emerged regarding certain terms of engagements, following which they have decided to part ways, said the source. While an e-mail sent to Reliance Retail seeking comments remained unanswered by the time of filing of the story, Clarks Global declined to comment on the development. "We won't be commenting on this, said the Clarks spokesperson while responding to PTI's e-mail. The JV, Clarks Reliance Footwear Pvt Ltd operated over 30 exclusive Clarks-branded brick-and-mortar stores in New Delhi, Mumbai, Bengaluru, Lucknow, Hyderabad, and Chennai, according to the company's India website. As the partners have drifted away, these stores are getting closed, the industry source added. Earlier, Clarks had a partnership with Kishore Biyani-led Future Group. It had entered India with a 50:50 joint ventu

Reliance Retail gets Rs 14,839 cr debt from parent for strategic growth

Reliance Retail Ventures, a subsidiary of Reliance Industries, raised Rs 17,814 crore in equity in FY24 from investors and its parent company

Reliance Retail expects rising demand for premium to fuel Indian market

The oil-to-telecom conglomerate also added that its retail arm remains steadfast in innovating across formats and products to improve customer experience and serve evolving consumer needs

India fastest growing retail market, to cross $1.4 trn by 2027: RIL

The Indian retail market is one of the fastest growing markets in the world, expected to cross USD 1.4 trillion by 2027, said the latest annual report of Reliance Industries (RIL). RIL operates the country's leading retailing firm Reliance Retail. India is poised to become the third-largest retail market by 2030, the report said adding the growth is propelled by factors like increasing urbanisation, rising income levels, expanding female workforce, and an aspirational young population. Moreover, a rising demand for premium and luxury products further fuels this growth trajectory, reflecting the evolving preferences with rising disposable incomes. This growth extends across various town classes, benefiting numerous local, regional and international brands and manufacturers. "They are being connected with consumers across diverse markets, thereby actively participating in India's ongoing growth narrative," said Reliance. Segments such as grocery, fashion and lifestyle and consumer

Metro cash and carry acquisition: Reliance Retail boosts B2B store count

The company added 30 new stores during the April-June quarter, it said in its investor presentation after announcing its results on Friday

Reliance Retail profit flat in Q1, Ebitda grows on store expansion

Company adds 331 new stores and records footfall at 296 million across formats, up 18.9%

Reliance Retail opens thirty Metro stores in Q1, total count crosses 200

The country's leading retailer Reliance Retail has added 30 new stores of Metro in the June quarter, taking the total count of the Cash & Carry outlets to over 200. Reliance Retail had acquired the Indian operations of German firm Metro AG's wholesale operations in December 2022 in a Rs 2,850-crore deal. At the time of acquisition, Metro was operating 31 large formats located in prime locations across key cities. "Grocery New Commerce business continued to expand its kirana partner base as Metro format scaled with 30 new store openings taking the count to over 200 stores with presence across 180+ cities," according to the earnings statement from Reliance Industries. Metro stores come under the grocery division of Reliance Retail Ventures Ltd (RRVL), which delivered another quarter of "steady growth", led by expansion in Tier-2 and beyond cities. Reliance Retail opened 331 new stores, taking the total count to 18,918. With this, the total retail area operated by Reliance Retail ..

Why Anant Ambani's $600 million wedding is just business as usual

Anant, the youngest of the 67-year-old's three children, kicked off his marriage celebration in March

Reliance Retail plans to launch sports format to compete with Decathlon

Reliance is in talks to lease 8,000-10,000 sq ft space across malls and high streets in top cities for the new venture. The name of the new brand has not been disclosed yet

Fast fashion brand Shein to re-enter India on Reliance Retail's app, stores

After a 4 year absence, Reliance may be launching Shein in India on its apps and storefronts within the coming weeks: All you need to know

Reliance Retail begins pilot runs for quick grocery delivery in Mumbai

Reliance Retail's new fast-delivery service is integrated into the JioMart mobile application under the 'hyperlocal delivery' option. The platform aims to bring delivery time down to 30 mins

Reliance Retail's JioMart to deliver groceries in 30 mins from next month

May expand half hour delivery to electronics and fashion categories

Reliance Consumer Products to focus on beverages, Independence brand

Biscuits to be the next focus for the company

Jio Financial Services arm plans Rs 36K crore deal with Reliance Retail

Reliance Retail is a step-down subsidiary of Reliance Industries Ltd. RIL holds 83.56 per cent in Reliance Retail Ventures Ltd

Jio Financial Services plans $4.33 billion deal with Reliance Retail

Under the proposed deal, the JFS unit called Jio Leasing Services will buy telecom equipment and devices that usually include routers and cell phones

RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17

At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges

Reliance Retail to bring UK's leading online fashion retailer ASOS to India

Reliance Retail will introduce ASOS's curated portfolio of fashion-led own brand labels to the Indian market through a multi-channel presence for ASOS and a diverse array of retail formats

Reliance Retail to sell British online retailer ASOS' products in India

The partnership is the latest in a string of deals by Reliance Retail, which has brought international brands such as American jewellery seller Tiffany & Co and French luxury brand Balenciaga to India

Leaning in: Isha Ambani beyond Reliance Retail, exhorts women to opt STEM

'A male-dominated STEM/ICT landscape, where women are under-represented, will rob India of its opportunity to rule the roost,' Ambani said

Reliance Retail Ventures plans expanding in diagnostic healthcare: Report

Company said to be considering acquiring majority stake in dedicated diagnostic services firm