- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Mukesh Ambani, Isha Ambani to shut down these outlets under Reliance Retail due to...
The retail major has already closed three stores and planning to shut down around 24 stores by the end of this month, the report stated.
Updated : Nov 13, 2024, 04:32 PM IST
 "Mukesh Ambani, Isha Ambani to shut down these outlets of Reliance Retail due to...")
TRENDING NOW
)
Meet man, son of India's richest banker, works in Rs 353000 crore company, married to former Miss India, he is...
)
What causes people to have dimples? Know here
)
Samantha Ruth Prabhu's first post after Naga Chaitanya and Sobhita Dhulipala's wedding goes viral
)
Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur shares photo of her new companion
)
Mukesh Ambani's wife Nita Ambani once travelled to Sri Lanka via private jet just to buy chinaware worth Rs...
)
Pushpa 2 cast fees: Here's how much Allu Arjun, Rashmika Mandanna, Fahadh Faasil charged for action film
)
Who is Rishi Parti? Man who bought apartment worth Rs 190 crore in Gurugram, built company at 24, he is founder of...
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan admits 'I am not worthy of being...'
)
IFS officer Apala Mishra shares a romantic pictures with her husband
)
Bhavish Aggarwal's Rs 39967 crore company receives another notice, gets 15 days to...
)
Saudi Arabia launches its own cold drink, will challenge Coca Cola, Pepsi, it is made from...
)
Pushpa 3 The Rampage: Allu Arjun, Rashmika Mandanna won't start threequel with director Sukumar before... | Report
)
Airport diaries: Kareena Kapoor Khan off on family vacation with Tim, Jeh; Arjun Kapoor tells pap 'tobacco khana...'
)
Pushpa 2 box office collection: Allu Arjun set to become biggest Indian star, his film expected to cross Rs... in 3 days
)
Delhi Weather Update: AQI dips to 'poor' category again, rain expected on....
India's richest man, Mukesh Ambani, continues to lead the country's most valuation company, Reliance Industries. To remain at the top in the business world, his company makes new strategies, plans, partnerships and more. Now, Reliance Retail, which is led by Isha Ambani, has announced the temporary shutdown of its fashion store Centro, which is currently in 24 locations across India, ET reported.
The decision has been taken to reposition the format with mostly its own brands and labels it has launched in India as a licensee partner. These brands include Azorte and Yousta. The retail major has already closed three stores and planning to shut down around 24 stores by the end of this month, the report stated.
In September 2022, Reliance had converted Future Group's Central into Centro in locations where it had taken over the lease after the Future Group surrendered the property to it. In October 2024, Reliance Retail reported a net profit of Rs 2,836 crore for the quarter ended September, reflecting a 1.3% year-on-year increase. from Rs 2,800 crore. However, its revenue from operations dropped by 3.5% to Rs 66,502 crore, compared to Rs 68,937 crore in the corresponding period last year. The company also slowed down expansion and increased store closures this fiscal.
