Isha Ambani, director of Reliance Retail Ventures Ltd, stated that this relationship underlines company’s position as India's foremost shopping destination.
Revenue per store increased by 7% YoY to ₹140.4 crore, while revenue per sq.ft. increased by 5% YoY to ₹33,451 per sq.ft.
Trent continues to be an outlier, driven by aggressive store additions in Zudio as well as healthy SSS growth in its fashion concepts (Westside + Zudio).
DIL added 94 new net stores in Q3, led by 30 stores addition in PH vs 14 in Q2 and 50 stores in KFC vs 30 in Q2.
According to media accounts, 600 employees at Milkbasket, or around 25–30% of the whole workforce, have lost their jobs in recent months.
Consolidated revenue from operations increased 18.2% y-o-y to Rs 11,865.44 crore.
These products are in affordable pricing category.
Reliance has acquired Metro's India business for Rs 2,850 crore.
The platform is initially available to all Reliance employees and will soon be available to consumers.
Jain becomes key managerial personnel (KMP) at FSN E-Commerce, as well as Company Secretary (CS) and Compliance Officer.
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