Tag Archives: Mukesh Ambani

Reliance Retail: The new numero uno in Indian retail industry

A position which was being well-led by Kishore Biyani’s Future Retail has now been taken over by Mukesh Ambani‘s Reliance Retail. The retail arm of Reliance Industries Limited (RIL), Reliance Retail has become the country’s topmost retail chain.

Reliance Retail which recently announced revenue of Rs 3,474 crore for the quarter which is a 53 percent jump from Q3’12, has been able to achieve the numbers contributing to the various retail format it operates. It has reported an operating profit of Rs 70 crore and the variation in formats has helped the company achieve scalability. Continue reading Reliance Retail: The new numero uno in Indian retail industry

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Bijou Kurien bids adieu to Reliance Retail’s lifestyle arm

One of the key names in Indian retail industry, Bijou Kurien steps down from his post of President & CEO, Reliance Retail Lifestyle Division. He has been a part of one of India’s leading retail conglomerate from past seven years and will also quit from the boards of the joint ventures with UK’s Marks & Spencer’s and Vision Express, among others.

IMG_7570Kurien, 54, plans to take a break for personal reason and will be pursuing other options after the break. He had spent nearly two decades at Titan Industries before joining Reliance Retail.

Kurien, currently, also serves as the Chairman of FICCI’s Retail Committee.