In an attempt to accelerate the expansion spree, Delhi-based Religare Wellness, pharmacy retail arm of Religare Enterprises, joins hands with LM 365 and Reliance Retail. The new development will witness opening of 28 new stores partnering with LM 365 in the areas where both the chains are not available and 12 shop-in-shops of Religare Wellness in Reliance Retail stores.
Further, Religare Wellness, with 100 stores mostly in the north India, has been learnt to be conceptualising 15 to 20 per cent of its expansion through these tie-ups. Meanwhile, Religare Wellness had earlier tied up with Hariyali, a rural retail initiative by DCM Shriram for its foray into rural India.
