Reliance Retail

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

This Chris Wood owned stock hit a 52-week low. What's worrying the Street?

In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack

Indian retail industry to reach $2 trn by 2032: Reliance's Subramaniam V

The Indian retail market is one of the fastest growing in the world and is expected to reach USD 2 trillion by 2032, according to Reliance Retail Director Subramaniam V. The Indian retail market is estimated at USD 844 billion in 2022 with the unorganised retail market contributing around 87 per cent of the share, he said. "The retail market is projected to grow at 10 per cent annually to reach a whopping 2 trillion by 2032 making it the fastest growing retail market of the world," Subramaniam said at an event organised by industry body FICCI here. Talking about the unorganised retail segment, Subramaniam said it is highly fragmented and lacks modern day infrastructure and technology due to smaller volume and financial resources. Subramaniam said there is a need to build an operating environment which promotes inclusive and sustainable growth for the sector and government policies and business practices of the big players must support the inclusive growth for the small players of t

Reliance opens its first store in partnership with Gap Inc. in Mumbai

Reliance Retail is the official retailer of Gap across all channels in India, the company said in a press release

RIL will give us scale, can negotiate better with suppliers: METRO MD & CEO

The B2B model that METRO Cash and Carry is focussed on has a lot of opportunities in the Indian market, says METRO Cash & Carry MD & CEO Arvind Mediratta

Reliance Industries stops local petcoke sales, boosts imports: Reports

Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries

Reliance Consumer bites into biscuit market to take on Britannia, Parle

Maliban, household name in Sri Lanka, is a biscuit manufacturer well known for the last 70 years

Reliance Retail net profit increases 6.2% to Rs 2,400 crore in Dec quarter

Ebitda from operations up 32.2%, revenue rises 18.6%

Reliance Retail acquires footwear and apparel retailer V Retail: Report

Reliance Retail has acquired Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd, which operates a retail chain under the brand name 'Centro Style'. V Retail operates 32 Centro stores in the markets of Andhra Pradesh, Telangana and Karnataka. "Reliance Retail strengthened its product offerings with the acquisition of V Retail (Centro Footwear)," said the earning statement from Reliance Industries on Friday. However, the company did not disclose the financial details of the deal. According to industry sources, the acquisition was completed during the last quarter. Started in April 2009, as a distribution house, V-Retail is now one of the largest retail, distribution and franchising companies in South India. It is promoted by the distributors of several National and International brands operating in footwear and garments in Andhra Pradesh and Telangana, said the information available on V Retail's portal. Out of its 31 stores, about 15 Centro stores a

Consumer companies push deal activity to 25-year high in 2022, shows data

Many small brands swallowed up in catch-up acquisition spree