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Saturday, Nov 26, 2022

Reliance Retail

RELIANCE RETAIL NEWS

Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

November 06, 2022 10:30 pm

The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said.

Reliance Retail launches first in-house premium fashion store called Azorte

September 29, 2022 3:11 pm

The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA (Inditex)-owned Zara, and cater to millenials and Gen Z.

Reliance AGM 2022 News Highlights: Ambani shares 5G rollout plan, retail arm to launch FMCG biz

August 30, 2022 10:31 am

Reliance AGM 2022 Highlights, JIO 5G Services Announced: Reliance Industries (RIL) Chairman Mukesh Ambani is addressing the shareholders at the company's 45th annual general meeting (AGM) today. He said that Reliance Jio will launch 5G services in key cities by Diwali.

RIL invests Rs 30,000 crore in retail in FY22; to accelerate store expansion, e-commerce

August 08, 2022 4:07 pm

During the fiscal year, Reliance Retail further strengthened its sourcing ecosystem, working closely with producers, MSMEs, service providers, and local and international brand companies, it added.

Reliance to acquire dozens of brands in $6.5 billion consumer goods play: Report

May 16, 2022 10:24 am

Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hiring an army of distributors to take them to mom-and-pop stores and bigger retail outlets across the nation

A creditor revolt scuttled Mukesh Ambani’s $3.2 billion retail deal

April 26, 2022 5:52 pm

The unequal treatment led to the move last week, when the local banks rebuffed the $3.2 billion offer from Ambani’s conglomerate. Reliance Industries Ltd. announced the purchase plan in August 2020 but struggled to complete the transaction in the face of legal challenges mounted by Amazon.com Inc., which argued it had the first right of refusal contractually.

Amazon-Future dispute: SC orders resumption of arbitration over FRL merger with Reliance Retail

April 06, 2022 12:40 pm

A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC).

Reliance Retail buys 89% stake in Clovia for Rs 950 crore

March 21, 2022 3:23 am

The founding team and management will own the balance stake in the company, RRVL said. With this acquisition, RRVL will further strengthen its portfolio in the innerwear segment, having already acquired Zivame and Amante brands, RRVL said

Amazon, FRL talks collapse

March 16, 2022 12:23 am

Amazon, which is involved in a legal battle with FRL over the sale of the latter’s assets to Reliance Retail, said, in a public notice, that the false statements had been made knowingly as “FRL was on the verge of purportedly allowing handing over of the retail assets to the MDA Group”.

Reliance Retail nixes sub-lease of 947 Future stores

March 11, 2022 12:57 am

Reliance had taken over the stores last month as they were sub-leased by it to Future which had defaulted on rental payments. Now, all such stores have been closed by Reliance.

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