Marks & Spencer Reliance is the joint venture between the Mukesh Ambani-promoted Reliance Retail and the British department store chain, Marks & Spencer group. The first store would have around 40 employees and would offer men's, women's and children's garments besides various household items.
Britain's clothing and food retailer Marks & Spencer will set up of a joint venture firm with Mukesh Ambani-led Reliance Retail at an investment of 29 million pounds (around Rs 230 crore) to mark its foray into India.The British company will hold a 51 per cent stake in the JV, to be named Marks and Spencer Reliance India Pvt Ltd, while the remaining will be with Reliance Retail.
It plans to add ten stores in the next six to eight months.
The lovely Manu is not just hitting targets but also modelling on the ramp.
Talks to sort out the 10-day workers' agitation at the Gurgaon apparel factory of Viva Global, a supplier to British retail outlet Marks & Spencer, got postponed.
This year's Lakme Fashion Week x FDCI was lit.
Viva Global has about 400 workers, of which about 100 have been dismissed and another 200 are on an indefinite agitation outside the factory in Gurgaon, says the workers union.
Marks & Spencer, the leading international departmental store, has drawn up ambitious expansion plans in India and China, starting as early as next year, its chief executive Stuart Rose has said.
The two-year-old project, rolled out with WWF India as the local partner, has enthused the retailer to consider such projects in other cotton-producing areas in India and other parts of the world.
Having 50 stores in India, it plans to double the number.
Marks & Spencer, leading international departmental, has drawn up ambitious expansion plans in India and China starting as early as next year, its chief executive Stuart Rose has said.
Weeks after the birth of their second child, Ms Dhupia and Mr Bedi charmed all with their onstage chemistry.
In the shadows of a sliding rupee, India's knitwear hub Tiruppur is weaving a success story. While the domestic currency edges closer to the 86 mark against the US dollar, triggering concerns for many sectors, this textile town in Tamil Nadu is finding opportunity in adversity: Between April and December alone, Tiruppur's exports reached Rs 26,000 crore, almost eclipsing last financial year's total of Rs 30,690 crore.
It had signed a joint venture with Reliance Retail to form M&S Reliance India Private Limited in April 2008.
After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.
The blonde bombshell has launched yet another intimates line for high street retailer Marks & Spencer.
India's burgeoning middle class is proving an enticing target for European retailers. France's Gautier and Carrefour detail plans to set up operations, and Marks & Spencer is reported to be on the move as well.
M&S operates in a joint venture with Reliance Retail.
Shahid Kapoor and Vaani Kapoor strode the ramp as Marks & Spencer launched its Spring Summer Collection 2019.
The actor raised the temperature in white!
Nearly three years after the Liberation Tigers of Tamil Eelam lost the war, T E Narasimhan visits north Sri Lanka to find a country limping back to normal.
Just days after entering into a joint venture with Marks & Spencer, Reliance Retail has joined hands with Office Depot, a leading international office products and services provider with annual sales of $15.5 billion, for another joint venture. Office Depot will hold 51 per cent stake in the venture with Reliance holding the rest.
Almost eight months after Noel Tata stepped down as managing director of Trent, retail arm of the Tata Group, the company said it had appointed Philip Auld as chief executive officer.
"Based on the recommendations of Foreign Investment Promotion Board in its meeting held on June 24, Finance Minister P Chidambaram has approved 28 proposals of FDI, said a finance ministry statement. The approved proposals relate to ministries and departments of chemicals & petro-chemicals, industrial policy & promotion, information & broadcasting, urban development, tourism and economic affairs.
While the fashion on the ramp at LFW was a mixed bag, there were some off-ramp style that got our thumbs up. We take a look...
Fitch, one of the largest design consultancies in the world that has designed stores of Wal-Mart, Target, Marks & Spencer, Best Buy and Tesco among others, is betting big on India's organised retail sector. Already in the country to serve clients such as Aditya Birla Retail, Reliance Retail, Tatas and so on, Fitch plans to treble the number of staff and open new offices in the country.
An interview with Andrew Denby, who took over as the CEO, Supermarkets, of the Aditya Birla Retail Ltd six months ago. Before joining the Aditya Birla group, he had worked for retail majors like Marks & Spencer, Dairy Farm, A S Watson, etc.
M&S may hold a majority stake in the venture and the final contours of the partnership are being finalised. India allows 51 per cent foreign direct investment in single-brand retail and 100 per cent in cash-and-carry operations. Multi-brand retail is barred for foreign companies and investors. M&S may hold a majority stake in the venture and the final contours of the partnership are being finalised.
Patience, however, ran out for over a dozen global brands, including GAS, Replay, Etam and Argos. All of them have ended their joint ventures or franchisee arrangements with Indian retailers in the last one year due to reasons ranging from poor sales and high rentals to mounting losses and failure to open stores on time.
After the Bt Cotton boom in Gujarat, it is the turn of organic cotton now. Keeping pace with the global trends, certain areas in Gujarat are going for organic cotton.
The UK's Marks & Spencer (M&S) has plans to position itself as a mid-market mass retailer in India and is eyeing a chunk of its revenues from India in the next few years. M&S has severed its partnership with Planet Retail and has entered into a deal with Reliance Retail. Its existing stores will be absorbed in the current partnership eventually. M&S will be positioned as a mid-market retailer in India. It chose Reliance as it moves quickly in its line of businesses.
Reader A Pangariya saw the star in Marks & Spencers.
With the mercury hitting new highs, Marks & Spencer's Spring/Summer 2015 Collection seems like something to look forward to.
Floral prints and statement pants are the latest fad
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