Reliance Retail news and archive

India's Reliance Retail partners with Delta Galil

Indian retailer Reliance Retail and Delta Galil, manufacturer and marketer of intimate, activewear, loungewear and denim apparel have announced a 50/50 strategic partnership in India. The company said in a release that through this partnership Delta Galil plans to expand its footprint in the growing Indian market, offering its portfolio of...

Business

Clarks to reportedly close all its stores in India

Footwear specialist Clarks is understood to have terminated its joint venture contract with India’s Reliance Retail which could result in the closure of all of its stores in the region. It is believed that the two companies made the decision following “substantial disagreements” over certain terms of their partnership, sources familiar with the...

Business

Shein to reportedly launch in India via Reliance Retail deal

Chinese fast fashion giant Shein is believed to be set to embark on a new journey into India, where it has reportedly struck a deal with Reliance Retail Ventures. According to a report from the Economic Times (ET), Shein products will be sold by Reliance Retail’s app and brick-and-mortar stores, through a deal that is believed to have already...

Business

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...

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

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...