India’s Reliance: Mukesh Ambani is bringing 7-Eleven to the country
3 years, 2 months ago

India’s Reliance: Mukesh Ambani is bringing 7-Eleven to the country

CNN  

Hong Kong CNN Business — India’s richest man is bringing 7-Eleven to the country, adding the convenience store chain to a sprawling business empire that spans energy, chemicals, retail and telecommunications. Reliance Retail, the commerce arm of Mukesh Ambani’s conglomerate, announced Thursday that it will open India’s first 7-Eleven stores, just days after the quick-service chain lost its local partner. “This will be followed by a rapid rollout in key neighborhoods and commercial areas,” with an initial focus on the Greater Mumbai area, Reliance Retail added in a statement. In a statement Thursday, Isha Ambani said that Reliance Retail was “proud” to team up with 7-Eleven, “among the most iconic global brands in the convenience retail landscape.” Joe DePinto, CEO of SEI, the owner of 7-Eleven, added in the same statement that the new tie-up would help bring the chain “to millions of Indian consumers.” “India is the second largest country in the world and has one of the fastest-growing economies,” he said.

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History of this topic

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business
3 months, 3 weeks ago

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business

News 18  

Reliance AGM 2024: Isha Ambani, the Director of Reliance Retail Ventures Limited, shared the latest updates and plans for the retail business. Talking about plans for Reliance Retail during the 47th AGM of Reliance Industries on August 29, Isha Ambani said that the business is establishing 7-Eleven stores as a leading 24×7 convenience destination, offering localised fresh food and beverages …

RIL AGM 2024: Reliance Retail Among Top-5 Global Retailers In Store Numbers, Mukesh Ambani Shares 6 Pillars
3 months, 3 weeks ago

RIL AGM 2024: Reliance Retail Among Top-5 Global Retailers In Store Numbers, Mukesh Ambani Shares 6 Pillars

News 18  

Reliance AGM 2024 Live: Reliance Industries chairman Mukesh Ambani on Thursday announced that Reliance Retail is among the top 5 global retailers in terms of number of stores. During the year, Reliance Retail undertook an equity fund raise of ₹17,814 crore, achieving a valuation milestone of USD 100 billion. Mukesh Ambani shared six pillars of retail business; “First, the retail …

Mukesh Ambani's Reliance Retail planning a sports brand like Decathlon: Report
5 months, 2 weeks ago

Mukesh Ambani's Reliance Retail planning a sports brand like Decathlon: Report

Hindustan Times  

Reliance Retail is reportedly planning to challenge French retailer Decathlon with a new sports format as the Mukesh Ambani company aims to target the booming athleisure market. A report in the Economic Times claimed that Reliance Retail is planning to lease 8,000-10,000 sq ft spaces in prime locations across top cities for a yet-to-be-named brand as Mukesh Ambani looks to …

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report
1 year, 4 months ago

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report

Live Mint  

Ahead of the proposed IPO of Reliance Retail Ventures Ltd, Mukesh Ambani's RIIL is planning to sell an additional 8-10% stake in RRVL, reported Economic Times citing inputs from industry experts. On Thursday, Qatar Investment Authority announced an investment of ₹8,278 crores into Ambani's Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Isha Mukesh Ambani, director, Reliance Retail …

With Mukesh Ambani as chairman for 20 yrs, Reliance....
1 year, 11 months ago

With Mukesh Ambani as chairman for 20 yrs, Reliance....

Hindustan Times  

Reliance Industries Chairman and Managing Director Mukesh Ambani has completed two decades at the helm of Reliance Industries in 2022. Among the several achievements, RIL's market capitalisation grew at an annualised rate of 20.6 per cent in the last 20 years from ₹41,989 crore in March 2002 to ₹17,81,841 crore in March 2022. Reliance's total assets grew at an annualised …

Mukesh Ambani prepares to hand a $220 billion empire to his children
2 years, 3 months ago

Mukesh Ambani prepares to hand a $220 billion empire to his children

CNN  

New Delhi CNN Business — Indian billionaire Mukesh Ambani has laid out plans to hand his sprawling business empire to his children, while insisting he has no intention of retiring any time soon. Ambani, 65, set out his succession plan on Monday, telling shareholders in his Reliance Industries conglomerate that his three children are “first among equals” and are being …

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani
2 years, 3 months ago

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani

News 18  

At the 45th Annual General Meeting of Reliance Industries Limited, Chairman and Managing Director Mukesh Ambani introduced Isha Ambani as the leader of Reliance Retail business. Isha Ambani took the centre-stage to talk about the growth of Reliance Retail in India and said that Reliance Retail has served over 200 million registered customers. Isha Ambani claimed that Reliance’s grocery business …

RIL AGM 2022: Reliance To Launch FMCG Business This Year, Says Isha Ambani
2 years, 3 months ago

RIL AGM 2022: Reliance To Launch FMCG Business This Year, Says Isha Ambani

News 18  

Isha Ambani, director of Reliance Retail Ventures Ltd, on Monday said the company is going to launch its first fast-moving consumer goods business and its objective is to develop products to solve every Indian’s daily needs. The objective of this business is to develop and deliver high-quality, affordable products which solve every Indian’s daily needs,” Isha Ambani, the daughter of …

Mukesh Ambani talks of leadership transition
2 years, 11 months ago

Mukesh Ambani talks of leadership transition

The Hindu  

Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Mr. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership …

Reliance Retail to Launch 7-Eleven Stores in India, Starting with Mumbai
3 years, 2 months ago

Reliance Retail to Launch 7-Eleven Stores in India, Starting with Mumbai

News 18  

The 7-India Convenience Retail Limited, a fully-owned subsidiary of Reliance Retail Ventures Limited, has inked an agreement with US-headquartered 7-Eleven, Inc for the launch of 7-Eleven convenience stores in India. The new pathways we build together with SEI will offer Indian customers greater convenience and choices within their own neighbourhoods.” In a similar vein, Joe DePinto, SEI President and Chief …

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India
4 years, 1 month ago

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India

India Today  

The recent legal dispute over the Future deal seems to be setting the stage for a major fight between two of the richest men in the world for retail dominance in India. Earlier this year, Mukesh Ambani-owned Reliance Industries Limited announced that it had signed a deal with Kishore Biyani’s Future Group to acquire assets in its retail business for …

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India
4 years, 4 months ago

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India

India Today  

Reliance Industries Limited has gone on a shopping spree after the company successfully managed to become debt free earlier this year. Now, the sixth-richest man in the world is looking expand RIL’s product offerings by acquiring several local online retailers as it looks to take on other online retailers and e-commerce giants. Sources quoted in a Bloomberg news report indicate …

RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani

Firstpost  

The company is also partnering with farmers, small and medium-scale manufacturers, merchants, vendors, start-ups and global companies. Addressing the company’s 43rd Annual General Meeting on Wednesday, Reliance Industries Chairman and Managing Director Mukesh Ambani said Reliance Retail is India’s largest, most profitable retail business and is the fastest-growing retailer in the world. “Reliance Retail is the only Indian retailer to …

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