Page 7 - Reliance Retail

Reliance Retail extends Urban Ladder's presence at Smart Bazaar outlets

Leading retailer Reliance has extended the presence of its furniture and home decor brand Urban Ladder at its hypermarkets chain Smart Bazaar and also through b2b institutional sales. Reliance Retail, which owns lingerie brands Clovia, Amante, and Zivame, also said that it has now become a market leader in the women's innerwear market. "Our new businesses in lingerie, we are making good progress. We are the largest player in this segment now," said Reliance Retail CFO Dinesh Taluja during Friday's earnings call of RIL. Now Reliance Retail is looking to expand the lingerie category across retail formats such as Trends, Azorte, Centro and Blushlace, he said. "We continue to expand our in-house brands and we operate across the spectrum from mid-premium to luxury. We are focusing on general trade so that these brands have wide distribution, which will further deepen the penetration, and that continues to be a focus for all our brands in the portfolio within this segment," Taluja ...

Reliance Retail Q2 results: Net profit rises 21% to Rs 2,790 crore

During the quarter, Reliance Retail raised Rs 15,314 crore from KKR, Qatar Investment Authority and Abu Dhabi Investment Authority

Reliance Industries transfers Rs 5,150 cr to warehouse InvIT fund

Reliance Industries Ltd (RIL) has transferred Rs 5,150 crore earlier this week to its warehouse InvIT infrastructure investment trust (InvIT) entity. "Reliance Retail completed the transfer of assets to warehouse InvIT entity for a total consideration of Rs 5,150 crore on 25th October 2023," said the earning statement from Reliance Retail on Friday. The asset value is now reflected in the 'Other Financial Assets' segment, as of September 30, 2023, it added. RIL has set up an InvIT, under which the group can monetise the backend warehousing and logistics assets of its retail business. Reliance Retail, which operates the retail business of the billionaire Mukesh Ambani-led Reliance Industries, registered the trust with the market regulator Securities and Exchange Board of India (Sebi) in February this year. The funds raised by the InvIT will be used for the acquisition of warehousing and logistics-related assets through a special-purpose vehicle. Reliance Retail, which is aggressiv

Jindal India hops in with Future Enterprises bid, submits resolution plan

Only after Reliance Retail conveys its decision to Future Enterprises' creditors about its intent to either continue or walk out of the bidding process, will the bid be opened

Reliance Retail to open luxury stores under 'Swadesh' brand globally

These stores will focus on upscale ethnic handicrafts, fusion clothing, jewellery, blue pottery, silverware, home decor, and carpets

Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA arm

This investment by ADIA will translate into an equity stake of 0.59 per cent in the company on a fully diluted basis

Mukesh Ambani's Reliance Retail Ventures to raise $598 million from ADIA

The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing

Reliance Retail's JioMart ropes in MS Dhoni as its brand ambassador

JioMart has onboarded Reliance-owned brands including Urban Ladder, Reliance Trends, Reliance Jewels, Hamleys among others further augment the selection on the platform

Reliance Retail Ventures plans another stake sale of $250-300 million

The funds divested in Reliance Retail amount to 11.31 per cent of the stake, for which investors have forked out Rs 57,562 crore

UK's Superdry to sell S Asia IP assets to Reliance Retail for $48 million

Superdry and Reliance Retail, whose more than 18,000 stores sell everything from groceries to electronics, will own 24% and 76%, respectively, of the joint venture vehicle

This Gulf fund is considering additional investments of $600 mn in RRVL

ADIA already holds a 1.20 per cent stake in Reliance Retail Ventures Limited (RRVL), which it bought in October 2020 for Rs 5,512.50 crore ($751 million)

Reliance Retail receives full subscription amount of Rs 2,069 cr from KKR

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following the share allotment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. "Reliance Retail Ventures Ltd today received the subscription amount of Rs 2,069.50 crore from Alyssum Asia Holdings II Pte. Ltd. (KKR) and allotted 1,71,58,752 equity shares to KKR," Reliance Industries said in a regulatory filing on Saturday evening. Earlier this month, Reliance Industries had announced KKR's investment of Rs 2,069.50 crore in RRVL, the holding company of the retail business of billionaire Mukesh Ambani-led group, for a 0.25 per cent additional stake at a valuation of about Rs 8.36 lakh crore. Founded in 1976, KKR has approximately USD 519 billion in assets under management as of June 30, 2023. Earlier this month, RI

Top headlines: Sovereign wealth funds bullish on RRVL,Tata steel and more

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Reliance Retail in talks to raise $1.5 billion from existing investors

The talks are a part of the company's internal target to raise $3.5 billion by the end of September this year

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

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KKR set to invest over Rs 2k cr in Reliance Retail to raise stake to 1.42%

KKR stake in RRVL will go to 1.42% from 1.17%

Reliance Retail total debt up 73%; RRVL expected to continue pumping money

Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23

Reliance's Performax Activewear to sponsor kit for Indian football team

Reliance Retail expects a five-fold growth its sportswear business in the next three years, led by a spurt in sporting activities, increasing awareness for a healthy lifestyle, and a growing economy, a company official said on Thursday. Reliance Retail, part of billionaire Mukesh Ambani's Reliance Industries, on Thursday announced a partnership of Performax with the All India Football Federation (AIFF) to become the official kit and merchandise sponsor of the Indian football team. To be part of the transformation journey when people are looking at sporting events beyond cricket and visualising sports as a carrier, Reliance Retail with its sportswear brand Performax is proving an affordable option, said its Fashion & Lifestyle President & CEO Akhilesh Prasad. Though the current market size of sportswear is very small in India and largely dominated by local brands, Prasad said it has huge room for growth and Reliance Retail looks itself as a "catalyst" for this by providing ...