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Joint venture

Reliance Retail inks JV with Pearle Europe

Reliance Retail Limited (RRL) has signed a joint venture (JV) with the US-based optical retail company Pearle Europe, to launch a chain of optical stores in India.The chain will comprise independent stores and Reliance Retail formats that include Hypermart,...

Carrefour will announce India partner in January

French retailer Carrefour, which has shortlisted three Indian companies, is expected to announce its partner in January 2008 and launch its first joint venture hypermarkets in India around mid-2009.“Carrefour has held discussions with a large number of retailers in...

Reliance Brands floats JV with Sixty Group

Reliance Brands, a subsidiary of Reliance Retail, has entered into a 49:51 joint venture (JV) with Italian fashion house Sixty Group to retail its brands in the country.Commenting on the JV, Renato Rossi, co-founder and CEO of Sixty Group,...

Wal-Mart and Bharti ink JV agreement

World's biggest retailer Wal-Mart and Sunil Bharti Mittal-promoted Bharti Enterprises signed agreements on Monday to establish the 50:50 JV company Bharti Wal-Mart Pvt. Ltd, for wholesale cash-and-carry and back-end supply chain management operations.By the first agreement, Bentonville, Arkansas-based Wal-Mart...

Reliance plans retail JV with Rajesh Exports

According to industry reports, Reliance Industries is currently in talks over a retail joint venture with Rajesh Exports, the Bangalore-based jeweller who took over the Oyzterbay retail chain last year. It is believed that Reliance will make a Rs...

Tommy shop-in-shop at Bangalore

Arvind Murjani Brands Pvt. Ltd has launched the country's first shop-in-shop format of Tommy Hilfiger in Bangalore. Located at Lifestyle, the 1,700 square feet shop-in-shop was launched with Tommy's latest Spring/Summer 2007 collection. This makes it the ninth outlet...

Reliance eyeing the growing secondhand car market

Mukesh Ambani-owned Reliance Retail is evaluating the option of entering the secondhand cars market in India. This will supplement the group’s efforts to set up multi-brand car servicing stations at its retail outlets. It is expected that service facilities...

Tesco and British Land in pound 650 mn joint venture

Tesco has announced a 50:50 property joint venture with British Land, already a partner in several other property transactions. The agreement is for a term of 20 years with an early termination option in 2017.The £650-million deal will generate...

Shoppers Stop and Nuance Group announce airport retail JV

Indian retailing major Shoppers’ Stop Ltd. and international airport retailer The Nuance Group AG have announced a joint venture for entering the duty-free retail market at Indian airports. The equally owned joint venture, Nuance Group (India) Pvt. Ltd, is...
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Digital Icon : Rakesh Bali

Rakesh Bali is at the helm of brand marketing, communications, events, and sustainability-related marcom initiatives for the petrochemicals segment...
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