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Latest Articles in reliance retail

Reliance To Acquire Dozens Of Brands In $6.5 Bn Consumer Goods Play

The consumer goods push under a vertical named Reliance Retail Consumer Brands will come on top of Ambani's brick-and-mortar store network of more than 2,000 grocery outlets and ongoing expansion of "JioMart" e-commerce operations in India's nearly $900 billion retail market, one of world's biggest

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Q4 Results: Reliance Retail Pre-tax Profit Rises 2.43% To Rs 3,705 Cr

The retail arm of Reliance Industries Ltd (RIL) had posted a pre-tax profit or EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) of Rs 3,617 crore in the 2021 March quarter

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Democratising E-Commerce

India’s $1 trillion retail market is set to grow exponentially, propelled by two drivers. One, an aspirational middle-class; and two, growing purchasing power.

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Mukesh Ambani Gears Up For IPOs Of Reliance Retail And Jio

The announcement for the IPO is likely to be made during the Annual General Meeting (AGM) of the company later in the year

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Cannot Implement $3.4 Bn Deal With Future Group: Reliance Industries

The development comes a day after Future Group’s proposed deal to sell its assets to Reliance Retail was rejected by a majority of lenders to Future Retail

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Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail

The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting

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Reliance Retail Acquires Lingerie Brand For $125 Mn

India's largest retail chain will own an 89 per cent equity stake in Purple Panda Fashions, which owns and operates the Clovia lingerie brand

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After Talks With Future Retail Fail, Amazon Goes On The Attack In Newspaper Ads

The US e-commerce giant has been contesting a $3.4 billion sale of Future Group's retail assets to the Reliance conglomerate that was announced in 2020, and the case is currently before the Indian Supreme Court.

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Reliance Retail Terminates Sub-lease Of 950 Future Stores

Billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously

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Reliance To Take Over Operation Of 200 Future Stores Amid Amazon Dispute

As Future failed to make the payments, Reliance has decided to run and rebrand about 200 outlets that would otherwise be closed

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Reliance Retail Buys 54% Stake In Robotics Startup Addverb For $132 Mn

Addverb Technologies co-founder and CEO says that the company will continue to operate independently and will use the funds received from Reliance to expand business overseas as well as set up

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Amazon's Battle With Reliance For India Retail Supremacy Became A Legal Jungle: Here’s How

Here's what the dispute, seen as key to deciding who gets an upper hand in one of the world's fastest-growing retail markets, is all about.

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Reliance Buys 52% Of Top Indian Fashion Label In Luxury Bet

Reliance Retail did not disclose financial details of the transaction, but said its majority stake acquisition included buying out the 35% stake held by Everstone Capital in India's Ritika Pvt Ltd, the company that owns Ritu Kumar brands.

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Reliance Retail Acquires Sole Control Of Just Dial

RRVL acquired 1.31 crore equity shares of Rs 10 each of Just Dial at a price of Rs 1,020 per equity share from VSS Mani, founder and chief executive of Just Dial, in a block deal.

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Reliance Retail Venture's Open Offer For Just Dial Shareholders To Commence On Sep 13

The tendering period is slated to commence from September 13 (offer opening date), and the date of closure of the tendering period has been fixed for September 24, as per the notice.

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