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Reliance Retail hands over pink slips to around 700 staff

The company also started reviewing the roles of employees from other verticals of its retail business and has put hundreds of employees on performance improvement plansNew Delhi: Reliance Retail has retrenched more than 700 people from its business to...

METRO completes Rs 2,850 crore deal with Reliance Retail to sell its India Cash & Carry business

The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio to RRVLNew Delhi: German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash &...

Why it makes sense for Reliance to Acquire Metro Cash & Carry

In addition to strengthening its B2B portfolio, the Metro Cash & Carry acquisition will give Reliance an ideal platform for its FMCG productsNew Delhi: The acquisition of Metro Cash & Carry business in India by Reliance Retail will give...

Reliance to acquire Metro AG’s India business for Rs 2,850 crore

Through this acquisition, Reliance Retail will get access to a network of 31 large format Metro India stores located in prime locations across key citiesNew Delhi: Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India...

India one of the most promising markets for METRO Cash & Carry

With an aim to have 50 outlets in India by 2020, METRO Cash and Carry India Pvt. Ltd, the Indian enterprise of the world's largest wholesaler, sees the country as one of the top markets to focus on. In order...

IRF 2015 to showcase exclusive Knowledge Series session by Javelin Group MD Philippe Nobile

The 12th edition of India Retail Forum (2015), on September 15 and 16, 2015, at The Renaissance, Mumbai will be proud to host Philippe Nobile, MD of Javelin Group, one of the world's foremost retail strategy consulting companies, as...

Shoppers Stop open to partnerships in food biz once FDI permitted

Retailer Shoppers Stop, part of the K. Raheja Group, will look to explore partnerships with overseas firms once foreign direct investment is permitted in multi-brand retail, a top official told Reuters."Once the rules on FDI are clear there is...

First-movers to hit the ground running in retail FDI

Multinational retailers and Indian entrepreneurs who have established back-end beachheads are expected to get the first-mover advantage as India prepares to welcome foreign direct investment in multi-brand retail. Last week, a committee of secretaries approved a proposal to allow...

Metro Plans Online Shops for Saturn, Media Markt, Welt Reports

Metro AG (MEO)'s Saturn store chain plans to start online sales in Germany in the fourth quarter, Die Welt reported, citing Chief Executive Officer, Eckhard Cordes. The Media Markt unit will begin selling online in the first half of...

Retailers adapt in China

Retailers including Wal-Mart, Ikea and Tesco are adapting their business models in China, reflecting several long term changes in consumer habits.Wal-Mart currently runs 339 branches in over 120 cities across China, and first purchased its own trading sites for...
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Footwear brand Trase reacquired from Upscalio, raises $0.5mn

Trase was acquired by Upscalio in 2021 as part of its strategy to build a diversified portfolio of brands...
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