Reliance Retail news and archive

Gap to enter India through Reliance Retail partnership

Indian retail group Reliance Retail Limited has announced a new long-term partnership with Gap Inc. which will see the American brand enter India through a franchise agreement. As part of the deal, Reliance Retail has become the official retailer for Gap across all channels in the region. The company will bring the brand’s latest fashion...

Business

Indian group Reliance Retail eyes Debenhams

Indian retail tycoon Mukesh Ambani is reportedly a potential suitor for Debenhams. Ambani’s Reliance Retail empire, which earlier this year bought British toy store Hamleys, is one of a small batch of companies in talks with Debenhams’ advisers about acquiring part or all of the company, Sky News reports. Sources told Sky that there was no...

Business

Reliance Retail to buy Future Group's retail, wholesale businesses

Billionaire Mukesh Ambani's Reliance Industries Limited announced that its unit Reliance Retail Ventures Limited or RRVL has acquired Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for lump sum aggregate consideration of 24,713 crore Indian rupees. Reliance specified that the acquisition is being done...

Retail

Reliance Retail’s ecommerce arm Ajio looks at luxury retail

Ajio is looking at an entry into the luxury segment even though it is a niche market. The e-commerce arm of Reliance Retail already offers more than 2,00,000 options from over 1,000 brands and over 50,000 exclusive styles. It recently launched its private label Outryt. Ajio is also adding more kiosks at RJio stores across India, where it helps...

Business

Reliance Retail Q3 pre-tax profit grows 62 per cent

Mukesh Ambani-led Reliance Retail posted a 62.3 per cent jump in earnings before interest, tax, depreciation and amortization (EBITDA) to Rs 2,727 crore for the third quarter of the financial year 2019-20. The company had posted EBITDA of Rs 1,680 crore during the corresponding period last year. Revenue for the quarter under review grew by 27.4...

Retail

E-tailers optimistic about business this year

With more and more Indians taking the online route to for shopping, e-tailers are witnessing high demands, including from far-flung and remote areas. Propelled by rising smartphone penetration, the launch of 4G networks and increasing consumer wealth, the Indian e-commerce market is expected to grow substantially by 2026. The ongoing digital...

Business

Reliance Retail’s ebitda grows 70 per cent in Q1

Reliance Retail’s ebitda went up 70 per cent in Q1. Revenue increased 47.5 per cent. First quarter earnings were strong despite a weak global macroeconomic environment and challenging hydrocarbon market conditions. The company continues to make major strides in its retail and digital services businesses led by a focus on growth markets with...

Business

Reliance Retail’s Q4 profits grows 77 per cent

For the fourth quarter Reliance Retail’s profit before depreciation, interest and taxes (PBDIT) rose 77 per cent. PBDIT for the financial year 2019 grew by 145.2 per cent year-on-year as against the previous year. Reliance Retail has become the first Indian retailer to cross more than 10,000 stores. It currently operates 10,415 retail stores in...

Retail

Reliance Retail, Walt Disney team up to market products under private label

Reliance Retail has entered into a licensing deal with Walt Disney Company to develop and market products under its private label across segments with popular Disney characters such as Mickey Mouse and Donald Duck. The country’s largest retailer is looking to grow its share in the children’s segment and will launch toys, packaged food, apparels,...

Business

India’s Reliance Retail buys 16 percent of Genesis Colors

Indian apparel retailer Reliance Retail announced Sunday it has purchased 16.31 percent stake in readymade garment wholesaler and retailer Genesis Colors Ltd (GCL) for Rs 34.80 crore (about 4.8 million dollars.) The stake buy by the group in GCL is in addition to 49.46 percent stake already held by Reliance Brands, a subsidiary of RRVL. The...

Retail

Reliance Retail to foray into fashion wholesale

Looking to establish its unorganized bulk business of garments and accessories, Reliance Retail is entering wholesale of fashion and lifestyle products through both offline and online channels. Along with its branded range, the wholesale business will aim at small and medium retailers nationwide for bulk supply of products, including its own...

Retail

Reliance Retail plans aggressive expansion

Reliance Retail plans to capture a lion’s share of the organised Indian retail market. The Mukesh Ambani-led retail giant is charting aggressive expansion plans. It will consolidate its leadership position through a four-pronged strategy—expanding geographical reach into smaller towns, innovating more concept stores, going omni-channel and...