Mukesh Ambani
Retail
Wal-Mart appoints Danone’s Morten Knudsen as CFO for Asia
Wal- Mart Stores Inc. (WMT) appointed Morten Knudsen chief financial officer for Asia as the world’s largest retailer rebuilds its leadership team in the region. Knudsen will join Wal-Mart from Danone (BN), where he was vice president for corporate...
Retail
Retailers back at hypermarkets for growth
Mukesh Ambani's Reliance Retail probably signalled the arrival of hypermarkets when it opened the first big-box store spread across 165,000 sq ft in Ahmedabad four years ago. But things did not quite work according to plan and the retailer...
Retail
Ambani Sr gives expat team 3 years to rejig retail
Mukesh Ambani, who brought in a new team of expats to head his retail business in the second management shakeup in almost a year, has given the new team three years to turn around the business, said at least...
Retail
Armani, Ferragamo scout for allies
Global luxury retailers are again scouting for new Indian partners as existing tie-ups fail to meet their expectations in the sub-continent.Two marquee international brands — Giorgio Armani and Ferragamo — that have joint ventures with leading realty player DLF...
Retail
Reliance Retail rejig: Ex-Walmart China execs Cissell & Gray to join as CEO & COO
The retail subsidiary of India's largest private company is set for a top-level churn for the second time in two years as the country gears up to open its food and grocery retail market to foreign companies . Reliance...
Retail
Fashion retailer H&M in talks for India foray
Swedish fashion retail giant H&M has started work on entering India. The $15-billion Hennes & Mauritz AB, abbreviated as H&M , began business development talks with India's leading mall developers and corporates with interests in fashion as it looks...
Retail
M&S India to increase local sourcing
Marks and Spencer Reliance India (M&S India) has said it will increase its sourcing of local merchandise to 70 per cent in the next two years for its Indian operations. It is also extending its business to Tier 2...
Retail
Biyani joins issue with Mukesh Ambani on retail claim
Reliance Industries Chairman Mukesh Ambani’s claim that Reliance Retail has become the largest food retailer in the country has left his competitors unimpressed.Reliance Retail, which started in 2006, runs over 1,000 stores across 86 cities. Of this, over half...
Retail
Reliance Retail to enter wholesale business soon
Reliance Retail, one of the largest organized retail company in the country, has recently announced its plan to enter the cash and carry business. The spokensperson from, Mukesh Ambani-led Reliance Industries, said its retail arm Reliance Retail is entering into...
Retail
Spencer’s Retail may break even in 18 months
Spencer’s Retail, a part of the RPG group, may take another 18 months to break even, said a senior group executive.The retail major had earlier expected to break even in the last financial year, after recording revenues of around...
- Advertisement -
Latest News
AC makers’ profits soar in April-June amid blistering heat
Companies such as Voltas, Blue Star, Whirlpool of India, Johnson Hitachi, and Havells which owns the Llyods brand have...
- Advertisement -