Latest news with #IshaAmbani-led
Mint
18-07-2025
- Business
- Mint
Reliance subsidiary Reliance Retail acquires Kelvinator ahead of Q1 results today. Details here
Reliance Industries on Friday announced that its subsidiary Reliance Retail has acquired refrigerator manufacturer Kelvinator. The announcement comes ahead of the release of Reliance Q1 results today. Isha Ambani-led Reliance Retail announced the acquisition of refrigerator and washing machine manufacturer Kelvinator, a move to amplify its range of offerings in India's fast-growing consumer durables sector. However, Reliance Retail did not disclose the financial details of the transaction. 'The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network,' said Isha M Ambani, Executive Director, Reliance Retail Ventures Limited (RRVL). Kelvinator pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, 'The Coolest One,' and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value. At 12:00 PM, Reliance industries share price was trading 0.38% lower at ₹ 1,471.50 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
18-07-2025
- Business
- Time of India
Reliance Retail buys Kelvinator to boost its durables business
Reliance Retail, led by Isha Ambani, has acquired American appliance manufacturer Kelvinator, aiming to expand its presence in the consumer durables market. This acquisition combines Reliance's extensive retail network with Kelvinator's established brand reputation and legacy of innovation. Reliance Retail intends to leverage Kelvinator's brand equity to enhance its offerings across various appliance categories, targeting growth and deeper consumer engagement. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Isha Ambani-led Reliance Retail on Friday announced that the company has acquired refrigerator, washing machine manufacturer Kelvinator to broaden its range of offerings in the fast-growing durables bringing Kelvinator into Reliance's fold, the company said, it aims to combine its massive retail network with Kelvinator's legacy of innovation and trusted which originated in the early 20th century and became a household name in India in the 1970s and '80s with the tagline 'The Coolest One,' retains a nostalgic charm with Indian consumers. Known for its durable and high-performance appliances, the brand has long been associated with reliability, cutting-edge technology, and affordability. Reliance Industries shares were trading at Rs 1470.40 apiece, down 0.45 per cent on the BSE as of 11.07 AM on Friday."Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready," said Isha M Ambani, Executive Director, Reliance Retail Ventures Limited (RRVL). "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network."Reliance Retail plans to leverage Kelvinator's brand equity and product development legacy to scale up offerings across key consumer durable categories, from refrigerators and washing machines to air conditioners and kitchen Retail said that it is strategically positioned to accelerate category growth, deepen consumer engagement, and unlock substantial long-term opportunities within India's dynamic consumer durables market.
Time of India
18-07-2025
- Business
- Time of India
Reliance Retail buys American durables company Kelvinator
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Isha Ambani-led Reliance Retail on Friday announced that the company has acquired American manufacturer Kelvinator to broaden its range of offerings in the fast-growing durables bringing Kelvinator into Reliance's fold, the company said, it aims to combine its massive retail network with Kelvinator's legacy of innovation and trusted which originated in the early 20th century and became a household name in India in the 1970s and '80s with the tagline 'The Coolest One,' retains a nostalgic charm with Indian consumers. Known for its durable and high-performance appliances, the brand has long been associated with reliability, cutting-edge technology, and Industries shares were trading at Rs 1470.40 apiece, down 0.45 per cent on the BSE as of 11.07 AM on Friday."Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready," said Isha M Ambani, Executive Director, Reliance Retail Ventures Limited (RRVL). "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network."Reliance Retail plans to leverage Kelvinator's brand equity and product development legacy to scale up offerings across key consumer durable categories, from refrigerators and washing machines to air conditioners and kitchen Retail said that it is strategically positioned to accelerate category growth, deepen consumer engagement, and unlock substantial long-term opportunities within India's dynamic consumer durables market.
Time of India
25-04-2025
- Business
- Time of India
Reliance doubles down on quick commerce with Ajio, JioMart
New Delhi: As competition heats up, Reliance is eyeing a bigger slice of India's fast-delivery pie. In a latest development, Isha Ambani-led Reliance Retail 's fashion and lifestyle platform Ajio has entered the quick commerce race, launching same-day and next-day delivery across 26 cities. Ajio's priority delivery service spans across metros like Bengaluru, Mumbai, Delhi, Hyderabad, and Chennai, and is available for international labels like Diesel and Emporio Armani to Reliance's in-house brands such as Buda Jeans and Fyre Rose. As per its investor presentation, the platform added 1.9 million new customers in the quarter and has also integrated Chinese fast fashion brand Shein across the Ajio app, web, and store-in-store formats. Last year in December, its rival Myntra introduced a 30-minute delivery service - M-Now, which delivers fashion and beauty products using dark stores, run by third parties and retail stores of fashion brands. Similarly, Nykaa, last year, began offering same-day and next-day deliveries in select cities. Fashion — the second-largest category in e-commerce — is increasingly making its way to quick commerce platforms. Brands such as Puma, Levi's, Adidas, Decathlon and Bata are now available on Zepto, Swiggy Instamart, and Blinkit. Before Ajio, Reliance entered the quick commerce space in mid-2024 with its grocery arm JioMart . According to the company's Q4 FY25 presentation, JioMart now operates quick delivery across over 4,000 pin codes via over 2,100 stores. The platform witnessed a 2.4 times quarter-on-quarter growth in daily gross orders in Q4 FY25, with average daily orders up 62 per cent year-on-year, the presentation read. JioMart's model now includes under-30-minute delivery, scheduled options, and daily subscriptions. The app now has a dedicated 'Quick' tab for ultra-fast deliveries and a 'Scheduled' section for planned purchases. Reliance Retail saw its net profit jump 29 per cent year-on-year to Rs 3,545 crore for the fourth quarter of FY2025. Its revenue rose by 16.3 per cent YoY to Rs 78,622 crore for the January - March quarter.
