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Reliance Retail in partnership talks with foreign single-brand retailers
Posted On: 01-12-2011 00:00:00 11

The Government’s announcement of 100% FDI in single brand retail has several foreign retailers looking to enter India. However, these retailers would prefer entering Indian markets with a local partner. As per media reports, Reliance Retail Ltd is already in partnership talks with several such international single-brand retailers. Bijou Kurien, head of lifestyle division of Reliance Retail clarified that the Company was currently not looking for international partners in multi-brand segments such as food retail. Reliance Retail currently has tie-ups with 8-10 single-brand retailers, such as Marks & Spencer, Office Depot Inc. and Hamleys; and operates a multi-brand retail stores selling fresh fruits and vegetables, grocery and packaged food products.

 
 
 

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