Everything on ‘Reliance Brands’
Reliance Retail registers 25% growth in FY12
Reliance Retail, a part of the Mukesh Ambani-controlled Reliance Industries posted a 25 per cent revenue growth in 2011-12 as demand at existing stores remained robust, Reliance Industries said in its annual report. Reliance, which disclosed its retail unit’s performance for the first time, reported revenues of Rs 75.99 billion in 2011-12. Its same-store sales [...]
Reliance Retail clocks Rs 380 cr loss in FY12
Almost a year after India’s richest man Mukesh Ambani restructured the operations of his retail unit, bringing in a team of expats from Wal Mart China, Reliance Industries (RIL)’s retail business has continued to report losses. The retail major has reported total losses in excess of Rs 380.18 crore in 2011-12. Last year, RIL’s retail [...]
Some of Reliance's retail formats still making losses
While Mukesh Ambani’s Reliance Retail showed a jump of 25 per cent in consolidated revenue in 2011-12, some of his other major retailing units are still posting losses, according to parent company Reliance Industries Ltd (RIL)’s 2011-2012 annual report. Reliance Retail, set up by RIL six years ago, runs 1,300 stores. It made Rs 7,599 [...]
Iconix Brand Group Announces Closing Of Joint Venture In India
NEW YORK, MAY 7, 2012 — /PRNewswire/ – Iconix Brand Group, Inc. (NASDAQ: ICON) and Reliance Brands Limited, a part of the Reliance Industries Group, the largest private sector company in India, announced today the completion of the formation of their joint venture company in India, Iconix India. The partnership marks the next step in a [...]
Iconix Brand Group Announces Closing Of Joint Venture In India
NEW YORK, MAY 7, 2012 /PRNewswire via COMTEX/ — Iconix Brand Group, Inc. /quotes/zigman/97419/quotes/nls/icon ICON +0.53% and Reliance Brands Limited, a part of the Reliance Industries Group, the largest private sector company in India, announced today the completion of the formation of their joint venture company in India, Iconix India. The partnership marks the next [...]
Reliance Retail registers healthy growth
Reliance Retail, the retail arm of Mukesh Ambani’s Reliance Industries has reported healthy sales growth across all its formats for the quarter and financial year ended March 31, 2012. It owns over 6.5 million sq. ft. space spread over 1,300 stores in 18 Indian states. ‘‘The company will be rolling out more stores in 2012-13 [...]
Reliance clubs nine arms with Reliance Fresh
Mumbai: Reliance Retail Ltd, an arm of India’s most-valued company Reliance Industries Ltd, has integrated nine of its loss-making subsidiaries with Reliance Fresh Ltd, under a scheme of arrangement proposed to the Bombay high court. The structure was approved by the court on 26 December and came into effect on 30 December, when the court [...]
Early entrants likely to dominate luxury retail
The Indian operations of most luxury apparel and accessories brands are controlled by a handful of entrepreneurs and business houses in India, and it’s likely to stay that way, although the government has recently changed the law to allow 100% foreign direct investment in so-called single-brand retail. Companies aren’t exactly rushing to launch operations on [...]
Timberland's first store in Delhi
Timberland’s first store in Delhi Timberland has set out on an all new expedition by partnering with Reliance Brands through a license cum distribution agreement to set foot in India. The brand opened its first Timberland store at Ambience Mall, Vasant Kunj, New Delhi. The exclusive store features a product line that spans across footwear, [...]
2000 Crore for Reliance Retail Expansion
Reliance Retail, a subsidiary of Reliance Industries, plans to invest Rs 2,000 crore to add 3 million sqft retail spaces in 2010-11, a top company official said on Monday, 28th June. Reliance Retail recorded sales of Rs 4,500 crore in the financial year ended March 2010. It operates nearly 1,150 stores in 86 cities across [...]
