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Mukesh Ambani Restructures Reliance Retail for Growth

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.

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