Reliance to transfer consumer brands to new subsidiary ahead of retail IPO

Reliance Industries Ltd transfers all consumer goods brands to a new subsidiary, which is fully owned by Konglomera, led by the billionaire Kuşh Ambani for the first public offering for retail business.
Brands covering clothing, fashion, food, personal care and beverages, currently Relian Retail Ltd., Reluance Retail Ventures Ltd. and Reliance Consumer Products Ltd.
When Reliance companies apply to NCLT, they said, “This is a big business that requires specialized and focused attention, expertise and different skill sets compared to retail business.”
He added that the movement will allow the business of capital intensive consumer goods to attract a series of different investors. In addition, the retail for a public presentation will provide a sharper focus on the work.
According to the regulation, new RCPL will produce, distribute, sell and market consumer goods. The NCLT file, also said that it will invest in affiliates and joint initiatives.
Development, analysts come as signs of recovery in retail business after a performance that ended on March 31 due to the slowing and revision of the store network consumption and revision.
Reliance’s beverage brand Campa Cola won a double -digit market share in the key zones two years after its restarting in India. Beauty care chain offers brands to Sulwhasoo from Korea Sulwhasoo and Homegrown Novn Re’nequil from the American Smashbox and Estee Lauder.