
Mukesh Ambani Restructures Reliance Retail for Growth
Mukesh Ambani, the chairman of Reliance Industries, is revamping Reliance Retail Ventures to boost its valuation to $125 billion. This move comes after the company’s valuation dropped to $50 billion, well below its previous highs. Alongside his daughter Isha, Ambani is implementing cost-cutting measures, including reducing marketing budgets, halting store expansions, and merging with Reliance Brands. The restructuring aims to enhance competitiveness against rivals like Tata Group and Amazon, especially during a slowdown in consumer spending. With 34 crore registered customers and substantial revenue, Reliance Retail is gearing up for a future IPO that will offer limited stakes to early investors.