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Reliance Retail

M&S India to increase local sourcing

Marks and Spencer Reliance India (M&S India) has said it will increase its sourcing of local merchandise to 70 per cent in the next two years for its Indian operations. It is also extending its business to Tier 2...

LVMH co Sephora in JV talks with Rel Brands

Reliance Brands, a privately held firm of Reliance Industries chairman Mukesh Ambani, has been in talks to launch Louis Vuitton Moet Hennessy (LVMH) owned beauty retailer Sephora, and a high-end women's clothing brand BCBG, as the company looks to...

Modern retail outgrowing Kirana stores in India: Nielsen Study

Arrival of big retailers has had an impact on small grocers, but neighbourhood stores are still growing their sales, although at a much lower rate than modern trade, according to data from market research firm The Nielsen Company ....

Reliance plans cash-and-carry format store in Ahmedabad

Reliance Industries Ltd (RIL), India’s most valuable company, has chosen Ahmedabad to start its wholesale store that would cater to establishments including neighbourhood grocery stores, hotels and restaurants. The first wholesale store in Ahmedabad will be operational in August...

Raheja group may exit Crossword

Eleven years after buying Crossword Bookstores, the K Raheja Group — the promoter of Shoppers Stop — is reviewing the future of the book retailing chain.According to three people in the know, it is exploring various options, including alliances...

Reliance Retail to enter wholesale business soon

Reliance Retail, one of the largest organized retail company in the country, has recently announced its plan to enter the cash and carry business. The spokensperson from, Mukesh Ambani-led Reliance Industries, said its retail arm Reliance Retail is entering into...

Major Brands-Promod JV plans 40 stores in five years

Major Brands (India) Pvt Ltd, the local franchisee for fashion apparel and accessories brands such as Mango, Aldo, Charles & Keith and Nine West, will form a joint venture with French womenswear retailer Promod.This changes the existing franchise agreement...

M&S to open 10 more stores in India, will focus on Delhi

British retail major Marks & Spencer has announced plans to open 10 new stores in India over the next year in collaboration with its partner, Reliance Retail. M&S chief executive Marc Bolland said,"Working with our partner, Reliance Retail ,...

Fashion’s big brands take aim at India

The debate on multi-brand FDI can wait, but the big fashion brands can’t. Nearly a dozen global fashion brands are poised to enter India and are in talks with domestic players for distribution arrangements. British clothing brand Jack Wills,...

Future rejigs top brass

FUTURE Group CEO Kishore Biyani has rejigged the leadership team by reassigning responsibilities following the sudden demise of Raghu Pillai, CEO at Future Value Retail.“We are missing Raghu at the moment as he was one of the key drivers...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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