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The retail arm of Reliance Industries (RIL) is about to get a new chairperson. Isha Ambani, the daughter of Reliance Industries Chairman Mukesh Ambani, will take over as the organization’s new chairperson. This is a sign that Mukesh Ambani is moving ahead with his business empire’s success plan.

Earlier, Reliance Group appointed Mukesh Ambani’s son Akash Ambani as the chairman of the telecom unit. The group announced this on Tuesday. Reliance Jio Infocomm is the telecom arm of the Reliance Group. Akash and Isha were part of the team that discussed the issue of investing in the meta platform in Reliance Group.

It is being told that the announcement of making Isha the chairperson of the retail unit can be made sometime on Wednesday. People associated with this matter gave this information on the condition of anonymity. At present, Isha Ambani is the director of Reliance Retail Ventures. A representative of Reliance Group declined to comment.

Isha Ambani is 30 years old. He studied at Yale University. Anant is his younger brother, who is 27 years old. Isha and Akash are twins.

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Reliance Retail and Reliance Jio are subsidiary companies of Reliance Industries. Reliance Group’s business of $ 217 billion includes oil, telecom, and retail. Reliance Industries is the flagship company of this group. Its chairman and managing director are Mukesh Ambani.

Reliance Industries has begun preparing to change the name of Future Group’s flagship brand Big Bazaar. Mukesh Ambani‘s company had previously taken over the responsibility of managing the retail stores of Kishore Biyani’s company. The result was that most of the Big Bazaar stores were closed for a few days.

Big Bazaar New Name

According to reports, the Mukesh Ambani-led company has decided to open a new store at the location of Big Bazaar. These stores will be called Smart Bazaar. Reliance Retail is the retail arm of Ambani-led Reliance Industries. Retail stores such as Reliance Trends, Reliance Fresh, and Reliance Digital are already operated by the company.

Smart Bazaar will be open at these 950 locations

950 stores will be opened by Reliance Retail. The company now controls all of these locations from Future Group. Media reports suggest that the company will soon open smart shops named ‘Smart Bazaar’ at about 100 of these locations. But Reliance Retail and Future Group have not said anything.

Get to know these things about the takeover of Big Bazaar

It has been more than a year since the Rs 24,713 crore deal between Reliance and the Future Group was signed. Despite this, Amazon lawsuits have prevented the deal from closing. Last week, Reliance began taking over the store of Future Group’s Big Bazaar, aggressively showing its presence.

Initially, Reliance took over the lease of Big Bazaar stores but allowed the future to continue operating. The stores have now been taken over by Reliance because Future Group is unable to pay rent.

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Tag: Reliance Retail

Isha Ambani will be the new chairperson of Reliance Retail, second big decision of Reliance Group after Akash Ambani

Reliance New Brand – Big Bazaar will now be renamed as “Smart Bazaar”, Mukesh Ambani took control of Future Stores overnight