Even the sky isn¡¯t the limit for the Ambanis! Reliance Chief Mukesh Ambani is Asia¡¯s richest man with a net worth of Rs 9 lakh crore. Even his kids are well-established in their fields and are doing well for themselves.
While the youngest son Anant Ambani is all set to tie the knot with Radhika Merchant on July 12, Isha Ambani is taking Reliance Retail to newer heights.?
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Reliance Retail has established a strategic alliance with the well-known UK fashion retailer ASOS, marking a significant move in the Indian retail sector. This partnership designates Reliance Retail as ASOS's exclusive retail collaborator across both online and offline platforms in India.
Utilizing its extensive retail infrastructure, Reliance Retail plans to introduce ASOS's carefully selected product range to the Indian market. This will involve establishing exclusive brand outlets, multi-brand retail spaces, and various digital commerce platforms to ensure widespread availability of ASOS products across India.
Reliance Retail Ventures reported impressive financial results for the fiscal year ending March 31, 2024. The company achieved a consolidated turnover of Rs 3,06,786 crore ($37 billion) and a net profit of Rs 11,101 crore ($1.3 billion), showcasing its strong financial performance and leading position in the retail industry.
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ASOS, a popular British online retailer, has transformed the fashion shopping experience globally. It offers a wide range of stylish and affordable clothing, shoes, accessories, and beauty products, catering to various preferences. ASOS is known for its diverse sizing options and efforts towards sustainability, making it a favorite among fashion lovers looking for style, convenience, and ethical options.
With ASOS entering the India market, it will definitely give a tough competition to brands like Zara and H&M. Are you excited?