India’s Reliance Retail to launch a premium department store chain
What: Mukesh Ambani’s Reliance Retail is looking to enter the premium department store segment by early next year.
Why it is important: The new department store format will take on incumbents in the space, such as Shoppers Stop and Lifestyle International.
The new department store chain is expected to house Reliance Brands- and Reliance Retail-affiliated brands, as well as the company’s private label brands and foreign and Indian and brands outside of the Reliance stable.
India’s Reliance Retail to Launch Premium Department Store Chain
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