M&A

M&A

Reliance Retail to merge subsidiary Reliance Brands with itself

Economic Times  

Mumbai-based Reliance Brands , the luxury and premium retail subsidiary of Reliance Retail, is merging operations with its parent company ahead of the latter's proposed listing. Reliance Brands will operate as a separate division within Reliance Retail.Reliance Brands’ sales in FY24 grew 12% to INR 2,684 crore. Reliance Retail reported a gross revenue of INR 3,30,870 crore for FY25. As on March 31, 2025, it operated 19,340 stores with a retail area of over 77.4 million sq ft.