Published on Thu, Jan 24, 2008 at 19:19,
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New
Delhi: Mukesh
Ambani's retail juggernaut will soon
roll into the home solutions, travel,
beauty and entertainment market. But
amidst all this talk of new specialty
segments, the company continues to be
tight-lipped about a possible IPO.
Undeterred by protests,
Mukesh Ambani is rolling out new
services under the Reliance Retail
umbrella.
Buoyed by the success of
Kishore Biyani's Hometown, RIL Retail
will launch home specialty stores in the
next few months. The company is in talks
with several international chains to tie
up sourcing agreements for a range of
home furnishing products. |
 |
“We are exploring home specialty options. We are
currently in talks with players,” said Reliance
Retail (Lifestyle)’s President and Chief
Executive, Bijou Kurien.
The first set of RIL’s home
stores will come up in Kolkata, Hyderabad,
Chennai and Bangalore.
The company is also expanding its jewellery,
music and books and wellness stores. It aims to
add 150 thousand sqfeet of retail space every
month.
Reliance is also all set to get into the beauty
business and will launch it first saloon in
Ahmedabad.
Reliance Retail’s forays will continue into the
entertainment and travel sector as well.
Theme Parks and entertainment centres is what
the company is looking at, to begin with. Where
the travel-related business may kick off this
year, the announcement on the entertainment
sector is likely to happen only in 2009.
Source
: IBN Live
