Wednesday, December 23, 2009

NEWS| Reliance Retail to open 85 jewellery stores in 3 years

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Mukesh Ambani-led Reliance Retail plans to open 85 stores of its jewellery retailing business Reliance Jewels across the country over the next three years.





The multi-format retailer, which operates 15 Reliance Jewels outlets, has charted a road-map to give greater focus on metros and large towns.

"We have a five-year plan for expansion, which drills down to (penetration at) the town level. In the next three- years, we want to have a total of 100 Reliance Jewels stores across the country," Reliance Retail Ltd (RRL) Business Head and Vice-President Jewellery Ashok Kaul told PTI.



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