Reliance news and archive

Asos confirms India entry with Reliance Retail partnership

Following heightened media speculation, British e-tailer Asos has now confirmed that it will be entering the Indian market through a new long-term partnership with the country’s Reliance Retail. With the deal, Reliance Retail will serve as the exclusive retail partner for Asos across all online and offline channels in India. It has been tasked...

Business

Asos reportedly mulling India entry through Reliance Retail

Asos is believed to be considering an entry into the Indian market, as discussions between the e-commerce retailer and the region’s Reliance Retail are said to be underway. A source for Indiaretailing reported that the talks had been happening for a while yet an agreement had not yet been reached. According to the media outlet, a deal could...

Business

SMCP expands into India with Reliance Brands

Luxury conglomerate SMCP has announced that it will be taking its first steps into India as a continuation of its international expansion strategy. The move comes via a partnership with Reliance Brands Limited, a luxury and premium trade firm that will become the exclusive distributor of the Sandro and Maje brands in the market. “This new...

BusinessFeatured

Superdry to accelerate growth in India with Reliance Brands

British retailer Superdry has signed an IP joint venture agreement with India’s Reliance Brands Holding UK (RBUK) for the sale of its South Asia intellectual property assets, including the Superdry brand and related trademarks in India, Sri Lanka, and Bangladesh. In a statement, struggling Superdry said that RBUK, which is held by Reliance...

Business

Amazon files new legal dispute against Future Group

Reuters has reported Amazon Inc. has filed a new legal challenge in its continued dispute with Indian retailer Future Group. The national antitrust agency recently suspended a 2019 deal between the two companies, halting their arbitration. Last month, the Competition Commission of India suspended Amazon’s 2019 deal with Future, preventing Amazon...

Business

Reliance Retail Q2 revenue grows 27 per cent

Reliance Retail’s revenue grew 27 per cent during the second quarter. The company also added 337 stores in the quarter, taking its total count to 10,901 stores across 6,700 towns and cities. In terms of retail area, there was a 26 per cent growth. Reliance Retail gained from optimum customer value proposition, segmentation and a targeted...

Retail

Reliance teams up with Anita Dongre to launch 'The Earth Tee'

Reliance Industries (RIL) has collaborated with fashion designer Anita Dongre to launch a special eco-friendly T-shirt called ‘The Earth Tee’ on the occasion of World Environment Day. The special T-shirt has been created by using processed and recycled pet bottles which were disposed of at the last edition of IMG Reliance's Lakme Fashion Week....

Business

Reliance bids for Alok Ind

Reliance Industries is interested mainly in the polyester yarn business of Alok Industries. Alok faces claims to the tune of Rs 29,519 crores from financial creditors and Rs 624 crores from operational creditors. Alok is a fully integrated textile unit with four core divisions — cotton yarn, apparel fabric, home textile and polyester yarn....

Retail

Reliance looking to co-brand specialty fabrics RElan

Reliance Industries is looking at co-branding its specialty fabrics RElan with apparel brands. The categories include: denim, ethnic wear, formal wear, women’s wear. Reliance had introduced RElan in October in Bangalore. In the North, RIL is targeting 200 textile manufacturers, who can make RElan fabrics. Under the HEP (Hub Excellence Program)...

Retail

Luxury brands prefer online sites to reach Tier II, II customers

In the absence of luxury malls in smaller cities, retailers of luxury products are depending on e-commerce websites to sell their wares. Recently, Reliance Brands had to fall back on top online sites to sells its portfolio of 18 high-end brands especially in places like Amritsar which doesn’t have any luxury mall. Luxury malls are present only...

Business

Reliance Retail has the highest quarterly turnover in Q3

Reliance Retail has had the highest ever quarterly turnover of Rs 6,042 crores during the third quarter. Last year, during the same period it recorded a turnover of Rs 4,686 crores, thus registering a growth of 29 per cent. As per reports, the business has delivered PBDIT of Rs 243 crore in Q3FY16 as against Rs 227 crore in the same period in...

Retail

Offline retailers push their omni-channel models for growth

While cash-rich e-tailers like Flipkart, Amazon and Snapdeal are posing a stiff competition to offline players by wooing consumers away with their discounting strategies, sale events and wide offers, offline retailers are busy launching omni-channel initiatives to drive business. From Aditya Birla Group, Reliance Industries to Tata, all have...