Isha Ambani-Ratan Tata: Reliance Brands, run by Mukesh Ambani and his daughter Isha Ambani, is bringing many foreign brands to India. Now taking on Ratan Tata’s Starbucks India, Mukesh Ambani has tied up with prestigious British restaurant chain Pret A Manger. With this, now Isha Ambani’s business is going to compete with Ratan Tata’s business.
Mukesh Ambani
United Kingdom-based coffee and sandwich chain Pret A Manger opened its first store in India a few weeks ago after signing an exclusive partnership with Mukesh Ambani’s Reliance. Pret a Manger’s first outlet has opened in India. The partnership between Pret A Manger and Reliance was made through Isha Ambani’s company Reliance Retail and her company Reliance Brands.
Restaurant
Reliance Brands signed an agreement to open a total of 10 Pret a Manger restaurants in India, likely in Delhi and Bengaluru. Isha Ambani’s Reliance Retail and Reliance Brands decided to launch Pret a Manger stores in India due to the popularity of tea and coffee shops among the youth across the country. It is set to give tough competition to Starbucks India. Starbucks is doing business under the leadership of Ratan Tata.
Isha Ambani
Mukesh and Isha Ambani’s Reliance Retail is all set to shine in the food and beverage industry in India with this new venture. Which will introduce a prestigious foreign brand in the country. The first Pret A Manger store was opened at Maker Maxity in Mumbai’s Bandra-Kurla Complex (known as BKC). Besides bringing the brand to India, Isha Ambani and Mukesh Ambani are also bringing back popular Chinese clothing app Sheen. Sheen was banned in India in 2021 during a crackdown on Chinese apps.
Reliance Retail made a big deal
Earlier, Reliance Consumer Products Limited (RCPL) is going to buy 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juice maker Socio Hazuri Beverages Private Limited (SHBPL).
What RRVL said about this acquisition
In a statement, Reliance Retail Ventures Ltd (RRVL) said the acquisition will “enable RCPL to grow its beverages portfolio”. The Hazuri family, the current promoters of the 100-year-old beverage company, will continue to hold the remaining stake in SHBPL. According to the statement, “With this joint venture, Reliance will further strengthen its portfolio in the beverage segment. Let us tell you that Reliance has already acquired the iconic brand Campa. Apart from this, it has social expertise in formulation to develop a product portfolio and unique value proposition for consumers. RCPL is an FMCG unit and subsidiary of Reliance Retail Ventures Limited (RRVL), the country’s leading retail company.
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