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
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 […]
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 […]
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 […]
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,
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 […]
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 […]
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
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
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 […]