Reliance Lifestyle is an arm of Reliance Retail, a leading domestic player in the organised retail space.
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.
Reliance Industries Ltd may have to scale down plans to open retail outlets in the country after facing protests in Uttar Pradesh and West Bengal, a company official hinted. "The unfavourable trends in these two states have limited our capability to expand the stores as per our original plan," Bijou Kurien, president and CEO of Reliance Lifestyle, said
Watch and jewellery manufacturer Titan Industries on Wednesday forayed into the fashion accsssories industry with the launch of sunglasses.
Titan Industries Ltd has launched its international collection of watches in 60 designs in India, which the watch-maker expects would help in garnering an additional 20 per cent of revenues, apart from giving it a foothold in the global markets.
Reports had suggested that the construction major had asked Ravanan to step down as the new owners were preparing the grounds for a top management overhaul at the Bengaluru-based company.
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