Apparel, Fashion, Retail

Reliance Retail Brings UK Online Fashion Brand ASOS To India

Textile Insights May 18, 2024

Reliance Retail and ASOS, UK’s online fashion retailer have entered into a long-term licensing agreement. “Under the agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in the country,” a statement from Reliance Retail informed. The

Financial Results

FY’24 EBITDA At Reliance Industries Soars 16.1% To Rs 178,677 Crore

Textile Insights April 23, 2024

EBITDA at Reliance Industries Ltd soared 16.1 percent year on year to Rs 178,677 crore or US $21.4 billion in fiscal 2023-24 ending March 2024, due to positive contribution from all operating segments. Gross revenue grew slower at 2.6 percent year over year to just over Rs 10 lakh crore or $119.9 billion in the […]

Apparel, Fashion, Retail

Reliance Retail’s Lee Cooper Enters Women’s Footwear Market

Textile Insights March 18, 2024

Lee Cooper, the iconic denim brand, hosted an exclusive “No Shoe Party” in Mumbai to announce the launch of its flagship women’s footwear collection. Lee Cooper, a Reliance Retail brand, announced its entry into the women’s footwear segment with a unique and immersive experience where attendees were encouraged to leave their shoes at the door […]

Financial Results

Reliance Industries Posts 10.9% Growth In Q3FY’24 Net Profit

Textile Insights January 20, 2024

In the third quarter of fiscal 2023-24, Reliance Industries Ltd (RIL) reported 10.9 percent year on year growth in net profit to Rs 19,641 crore, boosted by its retail, Jio, oil & gas divisions. The Mukesh Ambani led company posted consolidated revenues in the October to December quarter at Rs 248,160 crore, up 3.2 percent […]

Apparel, Fashion, Retail

Reliance Retail’s Ajio Launches Ajiogram, Boosts D2C Brands

Textile Insights November 5, 2023

Ajio, Reliance Retail’s online commerce platform, has recently unveiled Ajiogram, a direct-to-consumer (D2C) focused e-commerce platform with the goal of featuring over 200 D2C fashion and lifestyle brands by next year. Some of the brands that will be available on Ajiogram include Urban Monkey, Supervek, Quirksmith, Kra Life, Creatures of Habit, Cecil, Truser,

Financial Results

Q2FY’24 Net Profit At Reliance Industries Shoots Up 29.9%

Textile Insights October 31, 2023

Net profit shot up 29.9 percent in the second fiscal quarter ended September 30, 2023 at Reliance Industries Ltd (RIL). However, gross revenues grew marginally by just 1.2 percent, both over a year ago quarter. In the three months to September 2023, net profit at Mukesh Ambani led RIL surged to Rs 19,878 crore, up […]

Corporates

KKR Picks Additional Rs 2069 Crore Stake In Reliance Retail

Textile Insights September 12, 2023

Mukesh Ambani led Reliance Retail Ventures has received an investment of Rs 2,069.50 crore through an affiliate of global investment firm KKR. This investment values Reliance Retail a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country. “KKR’s follow-on investment will translate […]

Apparel, Fashion, Retail

Reliance Retail Buys 51% Stake in Alia Bhatt’s Ed-a-Mamma

Textile Insights September 10, 2023

Reliance Retail Ventures Limited (RRVL) has made a strategic move by acquiring a 51% stake in Ed-a-Mamma, a sustainable clothing brand for children and maternity wear founded by Alia Bhatt. This partnership aims to accelerate Ed-a-Mamma’s growth by capitalizing on the synergy between RRVL and the brand. The collaboration signifies a significant commitment to

Apparel, Fashion, Retail

Reliance Retail Almost Doubles Valuation In Three Years

Textile Insights August 29, 2023

Mukesh Ambani led Reliance Retail’s valuation has almost doubled, notwithstanding the intervening Covid-19 pandemic. Qatar Investment Authority recently became an investor in Reliance Retail, with an investment of US $1 billion for a 1 percent equity stake. This investment values Reliance Retail at a pre-money equity value of Rs 828,000 crore as against it’s fund-raise

Apparel, Fashion, Retail

Reliance Retail’s Azorte Launches Threads For Good On World Earth Day

Textile Insights April 26, 2023

On the occasion of Earth Day, Azorte, Reliance Retail’s premium large format fashion and lifestyle store, announced an exclusive initiative, “Threads for Good—from waste to deserving waist” to maximize the power of clothing and ensure clothes are delivered to those who need them the most, with an attempt to reduce pollution. Through this initiative, Azorte […]