A large-size restructuring is in the offing at Reliance Retail, Reliance Industries’ consumer retail project. As part of the exercise the company has decided to hive off Reliance Fresh into a separate company, Ranger Farm, for single point accountability.
A source said Reliance Fresh that sells food, fruits and vegetables and consumer products is a high-volume business which requires integration and dedicated focus, especially when opposition to organised retail in this particular category has taken political colour.
The source also said the management may knock down more verticals and spin them off into separate companies as and when they attain scale. RIL’s other formats like the hypermarket, consumer durables chain and apparel store are in their infancy with only one or two stores each. There is speculation that the number of companies that will be spun off from Reliance Retail will eventually be in double digits.
Read more in The Economic Times article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment