Mumbai: Reliance Brands Limited (RBL) has signed a definitive agreement to invest (either by itself and / or through its affiliates) in India’s foremost Couturiers Abu Jani Sandeep Khosla (AJSK) for a 51% majority stake. The strategic partnership is aimed at accelerating the 35-year-old couture house’s growth plans in India and across the globe. Based in…
Mumbai: In a strong boost to its ‘Handmade in India’ programme, Reliance Retail today announced that it is embarking on several new initiatives aimed at showcasing authentic handcrafted products and promoting the rich Indian art forms globally. The initiatives are designed to help revive various traditional Indian art and craft forms, provide sustainable livelihood for hundreds…
Mumbai: RELIANCE RETAIL VENTURES LIMITED (RRVL), a subsidiary of Reliance Industries Limited and the holding company of all retail companies within the group, has invested in Abraham & Thakore Exports Pvt Ltd for a majority stake. RRVL seeks to leverage its subsidiary Reliance Brands Limited’s (RBL) deep understanding of the affluent Indian customer and their…
Mumbai: Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis….
Mumbai: Reliance Brands Limited (RBL) and Indian couturier Anamika Khanna have agreed to join hands for a 60:40 Joint Venture (either by itself and / or through its affiliates) for owning and developing the brand AK-OK, setting the foundation for a new outlook in Indian fashion. AK-OK was born out of a deeply personal story…
Mumbai : Reliance Retail Ventures Limited (“RRVL”), through its wholly owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (“SEI”) for the launch of 7-Eleven® convenience stores in India. The first 7-Eleven store is set to open on Saturday, October 9 in Andheri East, Mumbai. This will be…
Mumbai: Reliance Retail Ventures Limited has announced acquisition of controlling stake in Just Dial Limited for a total consideration of Rs 3,497 crores. Reliance Retail Ventures Limited to hold 40.95% and would make an open offer to acquire upto 26.0% in accordance with takeover regulations. Reliance Retail Ventures Limited (“RRVL”), Just Dial Limited (“Just Dial”)…
