EssilorLuxottica Group, an Italian-French vertically integrated multinational corporation based in Paris, has partnered with Reliance Retail to operate the franchise operations of its LensCrafters brand in India. Based in Mason, Ohio, LensCrafters is a retailer, with stores also in Canada and Puerto Rico. Founded in 1983 LensCrafters is known for...
India’s e-Commerce Industry Poised for Massive Growth
India's e-commerce market is expected to reach over $160 billion by 2028, up from an estimated $57-60 billion in 2023. Online retail has accelerated after COVID-19, with the market expanding by $8-12 billion yearly since 2020, according to the How India Shops Online 2023 report by Bain and Co., in...
India's Reliance to Launch e-Commerce Platform
Mukesh Ambani, Asia's richest man and chairman of Mumbai-based Reliance Industries will soon launch Reliance Retail, an e-commerce platform in India. The marketplace will allow small merchants or 'kiranas' and other offline vendors to sell their goods online. Reliance Jio Infocomm Limited, the mobile network operator owned by Reliance Industries introduced...
Reliance Retail Enters into Licensing Deal with Disney
India's Reliance Industries subsidiary company Reliance Retail has entered into a licensing deal with the Walt Disney Company. Under the deal, Reliance will retail Disney products featuring the brand’s popular characters such as Mickey Mouse and Donald Duck under its private label. Reliance Retail will launch toys, packaged foods such...
India's Reliance Retail, Jio to Enter Consumer E-Commerce
Mumbai, India-based Reliance Retail and Reliance Jio Infocomm will jointly launch a new e-commerce platform, said the Reliance Group chairman and managing director, Mukesh Ambani, who will combine his Jio telecom service, mobile devices, and a vast physical retail network for this business. Reliance Group has vast retail space in...
Walmart India Appoints New COO
Walmart appointed Devendra Chawla as its chief operating officer in charge of merchandising, marketing, and the company's omnichannel function in India. He will report to Walmart India CEO Krish Iyer. Earlier, Chawla worked at Reliance Retail, Coca-Cola, Asian Paints, and the Future Group and has experience in retailer development. Walmart...