INTERVIEW-India's Reliance targets more retail acquisitions abroad [Reuters]
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Source: Reuters
INTERVIEW-India's Reliance targets more retail acquisitions abroad - Reuters 4 Min Read * Looking to buy companies in fashion, children’s sectors * And partner with brands in athletic lifestyle, beauty * Foreign brands available at discount, says executive By Promit Mukherjee and Alexandra Ulmer MUMBAI, Sept 5 (Reuters) - India’s Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia’s richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to try to tap into Indians’ rising disposable incomes. Reliance Brands already runs high-end stores in India with some 40 foreign partners, including British label Burberry , shoemaker Steve Madden and New York-based Iconix Brand Group Inc, through joint ventures and fr
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