RELIANCE BRANDS
Reliance Brands' MD Darshan Mehta, key for premium business, likely to step down
Darshan Mehta, Managing Director of Reliance Brands, is stepping down after almost two decades. Mehta will transition into a mentorship role within the Reliance Group, guiding future leaders and exploring new business ventures. A team of senior executives will manage Reliance Brands until a successor is appointed.
Marriages and shopping in Oct-Dec may spur 40% hike in spends, boost retail demand
Retailers in India are anticipating a surge in sales during the second half of the financial year due to the increase in weddings. With 47 auspicious wedding days between October and March, businesses are expecting a 40% increase in spending compared to last year, driven by a higher number of weddings and increased spending per wedding.
RIL, Viacom18 and Disney complete merger to create a Rs 70,352 cr JV
Reliance Industries Limited, Viacom18, and The Walt Disney Company have finalized the merger of Viacom18's media and JioCinema businesses with Star India. The newly formed venture, valued at approximately US$8.5 billion, brings together popular brands like 'Star', 'Colors', 'JioCinema', and 'Hotstar' under a single umbrella.
Reliance's luxury retail chain Tira unveils flagship store at Jio World Plaza
Reliance's luxury beauty retail chain, Tira, opened its flagship store at Jio World Plaza in Mumbai. The store features 15 exclusive shop-in-shop boutiques of global beauty brands like Dior, Est¨¦e Lauder, and YSL. Customers can enjoy personalized shopping experiences, a beauty concierge service, and a caf¨¦. The store also features a scent room with curated international fragrances.
Reliance Retail's shutting down Centro outlets temporarily
Reliance Retail is temporarily closing its Centro stores across India to revamp the format. The company plans to prioritize its own brands, like Azorte and Yousta, potentially phasing out some of the 450 local and global brands currently sold.
Swiggy tweaks IPO menu to put more money in business even Ambani is eyeing
Swiggy is increasing its focus on quick commerce, driven by growing digital infrastructure and consumer demand in India. The company is redirecting significant funds to expand its Instamart division, including investments in dark stores, technology, and marketing, to stay competitive against players like Blinkit, Zepto, and Reliance.
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Premiumisation driving festive sales: Amazon
Premiumisation is driving festive e-commerce sales in India, with Amazon reporting significant growth in categories like jewellery, beauty, ethnic wear, and watches. While premium segments grow, Amazon also sees rising sales in affordable fashion. Speed, selection, and value remain key competitive factors.
Tata¡¯s qcomm entry; beverage brand Lahori¡¯s valuation uptick
Happy Monday! Tatas are joining the ultra-fast delivery race. This and more in today¡¯s ETtech Morning Dispatch.
Why Mukesh Ambani can jump into India's war on inflation
Reliance Industries may soon sell Bharat brand food items like atta, rice, and pulses at subsidised prices. This partnership with the Indian government could help control inflation and boost Reliance's reach in rural and semi-urban areas. The move aligns with Ambani's strategy to tap into the emerging consumer base in smaller towns.
Govt in talks to sell Bharat brand food through Reliance Retail outlets
Offering Bharat atta, rice and pulses through Reliance¡¯s 2,700-plus stores and other retailers is expected to help take subsidised food products to more consumers.
NCLT dismisses ADAVPL¡¯s application to block use of ¡®Reliance¡¯ brand by IIHL
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an application from Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), which sought to prevent IndusInd International Holdings (IIHL) from using the 'Reliance' brand after its resolution plan for Reliance Capital.
Reliance Retail expands AZORTE with 12 new stores in India
Reliance Retail's AZORTE has expanded its offline presence by opening 12 new stores in cities like Jaipur, Udaipur, and Bangalore, highlighting its commitment to reaching new markets and customers.
Hackers target India¡¯s biggest brands: How major firms like Tata and Reliance are strengthening cyber defences
Indian companies are grappling with a sharp rise in cyberattacks, nearly double the global average. Large conglomerates like Reliance and Tata are targeted due to their extensive data and reputation. Boards are increasingly vigilant, mandating regular cybersecurity audits and enhanced protection measures.
London's famous EL&N comes to India: Opens its first cafe in Mumbai's Jio World Plaza
EL&N London has launched its first Indian caf¨¦ at Jio World Plaza in Mumbai¡¯s Bandra-Kurla Complex, in partnership with Reliance Brands Limited. Renowned for its Instagram-worthy interiors and fusion of fashion, food, and ambience, EL&N offers global menu favorites and exclusive Indian dishes.
ET Exclusive: Est¨¦e Lauder will soon start local manufacturing in India, says executive group president
The beauty giant, which manufactures makeup, skincare, perfumes, and hair care products, has been in India for close to 20 years now. It had first launched MAC in the country, followed by Clinique, Estee Lauder and recently The Ordinary¡ªits premium affordable range aimed at recruiting younger consumers.
Mothercare, RIL co ink deal to strengthen South Asia presence
Mothercare and Reliance Brands Holding UK have formed a joint venture to manage the Mothercare brand in India, Nepal, Sri Lanka, Bhutan, and Bangladesh. Reliance Brands will acquire a 51% stake in the new entity, with Mothercare holding 49%. This agreement strengthens Mothercare's operations in South Asia.
Reliance forms joint venture with Mothercare
Reliance Retail Ventures Ltd is partnering with UK-based Mothercare plc to form a joint venture. Reliance Brands Holding UK Limited will own a 51% stake, while Mothercare will hold the remaining 49%. This joint venture will expand the Mothercare brand in India, Nepal, Sri Lanka, Bhutan, and Bangladesh. Reliance currently operates 87 Mothercare stores across India.
Timberland stages come back with Reliance in India through AJIO platform
Reliance Retail's AJIO platform now includes Timberland, marking the brand's return to India after closing in 2015. This follows Reliance's recent portfolio expansions with brands like H&M and ASOS. Additionally, Reliance is scaling up quick-commerce and enhancing its F&B portfolio with Armani Cafe.
Selling nostalgia: New-age ads? Yawn. Brands are going retro
Major brands like Maybelline, Mountain Dew and Asian Paints are bringing back their iconic taglines, jingles, and logos to fight competition and capture consumer attention. Maybelline reintroduces its ¡®Maybe It¡¯s Maybelline¡¯ jingle with Suhana Khan, while Mountain Dew revives its old logo. Asian Paints re-launches its ¡®Har ghar kuch kehta hai¡¯ campaign, aiming to enhance brand loyalty.
Modern trade growth at a 4-year low amid online surge; sales at big supermarkets grew only 3.2% during July-Aug
Sales growth of groceries, personal products, and home care items in modern trade hit a four-year low in July and August due to consumer shift to online, quick commerce, and store closures. Leading FMCG sales channels are now increasingly dominated by online platforms, accounting for about 10-12% of overall sales.
How the bottom-of-the-pyramid strategy worked out for Zudio
Tata Group's Trent has launched Zudio Beauty in Bengaluru, expanding into affordable beauty products, after the success of Zudio apparel stores. The company plans to open more stores in top cities. Zudio, known for trendy low-priced clothing, has significantly boosted Trent's revenue and is now entering the beauty segment to replicate its previous success.
Reliance's Tira launches global luxury skincare brand Augustinus Bader in India
Tira, the beauty platform of Reliance Retail, exclusively launches Augustinus Bader's luxury skincare line in India, featuring TFC8? technology. Available online and in select stores, the collection promises unparalleled rejuvenating properties, endorsed by global icons, meeting the demands of India¡¯s growing beauty market.
Tata Group forays into mass-priced beauty segment with Zudio Beauty
Noel Tata-led Trent has launched Zudio Beauty, a new affordable beauty store, aiming to compete in the mass-priced beauty market. The first store opened in Bengaluru, with plans to expand to more cities. Zudio's success in the apparel sector hints at further growth in beauty retail.
Reliance's AJIO adds H&M to bolster its international portfolio
Fashion e-tailer AJIO has announced the launch of H&M on its platform, aiming to enhance H&M's online presence and expand AJIO's international brands portfolio. The collection includes over 10,000 styles across various categories, starting at Rs 399. This partnership reflects AJIO's commitment to offering global brands and trends to its customers.
Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability.
Bhakti Modi takes charge as CEO of Reliance Retail's omni-channel beauty platform Tira
Bhakti Modi, daughter of Ambani's key associate Manoj Modi, has been handling strategy and execution as part of the leadership team at Reliance Retail as a cofounder since its official launch by Isha Ambani in April 2023. She was involved in strategy and new business initiatives for a while at Reliance Retail.
Reliance, Delta Galil join forces to explore India's innerwear market
Reliance Retail Ventures and Israeli apparel firm Delta Galil have formed a 50/50 joint venture to expand India's innerwear market. The partnership will see Delta Galil design and manufacture products for Reliance¡¯s brands, aiming to enhance the intimate apparel and activewear segments in India over the next 18 months.
Reliance in pact with Israeli apparel company Delta Galil
Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta's global brands to the Indian market, expanding Reliance's already significant presence in the innerwear segment.
Reliance Retail now among top 5 global retailers
Reliance Industries Chairman Mukesh Ambani stated that Reliance Retail ranks in the top five global retailers by store count and in the top 30 by revenue. The company invested Rs 4,330 crore in the last financial year, leveraging equity and debt, and transferred supply chain assets to Reliance Logistics and Warehouse Holdings.
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