BENGALURU: UK’s struggling fashion retailer Superdry said on Wednesday it would sell its intellectual property assets in South Asia to Reliance Retail, India’s largest retailer, for 40 million pounds ($48.27 million) via a joint venture. Superdry – which has been grappling with weak orders from wholesale partners cautious on stock levels and liquidity – said…
Gold prices surged to Rs 60,000 per 10 grams in March from Rs 55,300 per 10 grams in January following the American banking crisis. Consumers might be buying less gold amid record-high prices, but top retail chains are seeing a surge in jewellery purchased through deferred or monthly payment schemes. Some of the big jewellery…
All India Football Federation on Thursday announced Reliance Retail‘s Performax activewear as the official kit sponsor for the Indian football team. The Indian team will debut the new kit during the 49th King’s Cup 2023 being held in Thailand between September 7 and 10. Team India is sto kick off the tournament by taking on…
Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture with Alia Bhatt‘s clothing brand of kids and maternity wear, Ed-a-Mamma for a 51% majority stake. ET was the first to report on July 17 on the possible acquisition. Launched in 2020, Bhatt has extended the kids brand into teenage and maternity wear segments as…
New Delhi: Retail giant Reliance Retail on Thursday has launched its youth-focused fashion retail brand Yousta with the opening of its first store in Hyderabad’s Sarath City Mall, the company said in a media release. With contemporary tech-enabled store layouts, it will offer high-fashion at affordable prices targeted at young consumers. “All products, for instance,…
