- Big bazaar will be now Smart Bazaar & Central Mall will get Rebranded as Reliance Mall
- Fashion at big bazaar will be merged with Reliance trends
As we all know that India's leading Retail Company Future Group is Brought by Mukesh Ambani’s Reliance Retail Ventures last year in August 2021 and as a part of Acquisition process Mukesh Ambani has started Rebranding of Future group’s all brands.
Amazon has raised dispute on Reliance-Future Group deal as
amazon holds potential stack in Future group but later this dispute was solved
in court of law and Indian Supreme court has given green signal to this deal. Amazon
is in indirect competition with Reliance Jio and Jio Platforms and while amazon
was fighting in court of law Mukesh Ambani smartly rebrands the future groups
brands. From Big bazaar to Smart Bazaar, Central mall which is a largest
property of Future Group will be rebranded as Reliance mall. (Most of you all wonder
why central mall & Big bazaar near to you is shut from so many days. Now you
know the real reason behind it).
Not just these two but Fashion at Big bazaar will also be merged with Reliance trends. Also in Reliance Mall we will get to see a lot of reliance own and acquired brands such as Reliance Fresh,
Also Read: All About Reliance - Future group deal worth 24,713 crore
Reliance retail is planning to deploy 950 Stores of Smart
bazaar and Reliance fresh along with Reliance Trends and Reliance Digital. According
to report Reliance has a target to open these stores by March End and will be
fully operational from the new financial year however there is no official
confirmation on this neither by reliance nor by Future group.
Future group has some of the largest properties across the
india which also includes Central mall which is spread over from 60,000 square feet
to 100,000 square feet and Reliance has planned to transform these properties in
to Reliance Mall and it will have all the flagship stores of Reliance retail ventures
including small stores of Seven eleven, Easy Day and Reliance Fresh store. Future
group’s leading apparel brand Fashion at Big Bazaar will now merge with Reliance
trends and all the brand factory stores will also get merged with Reliance
Retail ventures.
Overall, slowly gradually Mukesh Ambani is building his empire
in all the possible business in India with vison of enjoying monopoly in every
business. On the other side amazon is still trying to compete with Reliance
digitally, legally and all the other possible ways.
do comment your views on this article and we have more financial news blogs and website which creates quality content on Finance do check out Finance Plus NX
nice
ReplyDeleteinteresting article, very well research
ReplyDeleteGreat
ReplyDeletegood picture
ReplyDeletegood one
ReplyDeletehttps://asia.health-and-med.com/pages/diabecode/plp/9AJ3IFKCX8/?lpkey=171b23788910441719&clickid=54094cislibg6998&user_id=122&country_code=IN&trafficsource=289&_trk=bo1&land_id=13499
ReplyDeletehttps://financeplusnx.blogspot.com/2024/10/indian-finance-update-sensex-and-nifty-analysus.html
ReplyDelete