Hot Pursuit     18-Oct-24
Reliance Inds' retail arm to form JC with Mothercare plc for South Asia
Reliance Industries said that Reliance Brands Holding UK and Mothercare plc will form a joint venture that will own the Mothercare brand and its intellectual property assets related to the regions of India, Nepal, Sri Lanka, Bhutan, and Bangladesh.

Under the agreement, Reliance Brands Holding UK (RBL UK) will hold a 51% stake in the joint venture, while Mothercare Global Brand Limited will retain the residual 49% interest.

RBLUK will acquire the stake for a cash consideration of £16 million. This joint venture will act as the franchisor of the Mothercare brand in the specified South Asian regions, unlocking new growth opportunities while leveraging the strengths of both organizations.

Reliance Brands first acquired the rights to the UK-based Mothercare brand for the Indian market in 2018 and currently operates 87 stores across 25 cities, in addition to a strong presence on e-commerce platforms. Darshan Mehta, managing director, Reliance Brands, said: “Mothercare has been a trusted name for parents in India for years, and this joint venture marks an exciting new chapter in our partnership.

It’s been incredibly rewarding to work alongside the talented Mothercare team, and this deeper collaboration reflects the strong relationship we’ve built over time. I’m excited about the opportunities this new era brings as we continue to expand the brand’s presence across South Asia.”

RBL UK is a wholly-owned subsidiary of Reliance Brands, which is a subsidiary of Reliance Retail Ventures (RRVL). RRVL is a subsidiary of Reliance Industries.

Reliance Industries (RIL) is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services.

RIL had reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter.

The scrip declined 0.71% to currently trade at Rs 2694.15 on the BSE.

Previous News
  Afcons Infrastructure secures work order worth Rs 700 cr
 ( Corporate News - 09-Jun-25   09:41 )
  Nifty June futures trade at premium
 ( Market Commentary - Futures Market 05-Jun-25   16:27 )
  Telecom stocks in action after TRAI data
 ( Hot Pursuit - 29-May-25   14:56 )
  Nifty May futures trade at premium
 ( Market Commentary - Futures Market 15-May-25   16:41 )
  Shell, Reliance and ONGC successfully complete India's first offshore facilities decommissioning project
 ( Corporate News - 05-May-25   18:32 )
  RIL spurts after strong Q4 numbers
 ( Hot Pursuit - 28-Apr-25   12:39 )
  Savita Oil Technologies Ltd Spurts 4.48%
 ( Hot Pursuit - 28-Apr-25   09:30 )
  Reliance Industries
 ( Results - Analysis 26-Apr-25   08:07 )
  RIL Q4 PAT rises 6.4% YoY
 ( Hot Pursuit - 26-Apr-25   10:05 )
  Board of Reliance Industries recommends final dividend
 ( Corporate News - 26-Apr-25   09:26 )
  Reliance Industries consolidated net profit rises 2.41% in the March 2025 quarter
 ( Results - Announcements 26-Apr-25   07:31 )
Other Stories
  SG Mart forays into renewable energy sector with launch of APL Apollo SunSteel
  12-Jun-25   15:39
  Maithan Alloys acquires minority stake in GAIL (India) for Rs 12 cr
  12-Jun-25   15:32
  Kay Cee Energy & Infra hits the roof on securing Rs 28 cr transmission order from RVPN
  12-Jun-25   15:19
  C.E. Info Systems Ltd leads losers in 'A' group
  12-Jun-25   15:00
  Cinevista Ltd leads losers in 'B' group
  12-Jun-25   14:45
  C E Info Systems slumps after block deal
  12-Jun-25   14:45
  Ashoka Buildcon tumbles as GST notice triggers search & seizure operation
  12-Jun-25   14:43
  Happiest Minds appoints Anand Balakrishnan as chief financial officer
  12-Jun-25   14:39
  Volumes spurt at RHI Magnesita India Ltd counter
  12-Jun-25   14:30
  Crisil Ratings reaffirms ratings of Ratnamani Metals at 'AA/A1+' with 'stable' outlook
  12-Jun-25   14:25
Back Top