Thursday, August 18, 2022

Reliance Retail keen for tie-up with UK’s Fortnum

The group has been trying to gain a toehold in India through physical stores as well as an online presence

PRAVASISAMWAD.COM

Reliance Retail has been in talks with Fortnum & Mason to set up premium luxury stores in India under the Fortnum & Mason brand, according to an executive from Fortnum quoted by ET. The group has been trying to gain a toehold in India through physical stores as well as an online presence.

There was, however, no comment from Reliance Retail about the tie-up. An email reply said that the company did not comment on media speculation and rumours.

Fortnum & Mason has been expanding in Asian markets after the pandemic and set up its first online store in China in June this year. In 2019, the luxury chain set up its first fully-owned and operated shop and restaurant in Hong Kong

A Reliance spokesperson commented that the company evaluated various opportunities on an ongoing basis.

The Fortnum & Mason spokesperson, however, said: “At the moment there are no concrete plans in place. F&M is always looking at ways to expand opportunities for people in the region to have access to its brand and products, and they will continue to do so.”

Fortnum & Mason has been expanding in Asian markets after the pandemic and set up its first online store in China in June this year. In 2019, the luxury chain set up its first fully-owned and operated shop and restaurant in Hong Kong.

******************************************************

Readers

These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.

Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world.  We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.

Please help us to keep our journalism independent and free.

In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.

For more information: pravasisamwad00@gmail.com

Tirthankar Ghosh
Tirthankar Ghosh is a senior journalist and presently Managing Editor, Newsline Publications. He has also been writing for well over 15 years for the New York-based Air Cargo News Flying Typers.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

EDITOR'S CHOICE