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Reliance Industries plans to acquire foreign retailers

Related Keywords: brand, fitness, India, Mukesh Ambani, oil, partner, Reliance, sports, Textile

India's Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia's richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to try to tap into Indians' rising disposable incomes.

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