Reliance Jio IPO worth $100 bn set for 2025, retail to debut much later

Quick Summary:

It is now expanding into faster deliveries to tap the boom in quick commerce - a new shopping rage where products are being delivered in 10 minutes.It reported a 1.1 per centyear-on-year decline in sales in July-September, its first quarterly sales fall in at least three years, as competition from quick commerce startups is seen eating into its share of supermarket sales.

The company has grown "too fast" and ventured into various retail formats, including e-commerce, and some of its brick-and-mortar stores have clocked losses over years leading to less than ideal earnings per square feet of space, said the person.

Bernstein last year valued the business, which owns toy retailer Hamleys and has forged partnerships in India with brands such as Jimmy Choo, Marks & Spencer and Pret A Manger, at $112 billion.

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Category: BusinessFinance

Markets: India

Topics: Initial public offerings Reliance industries Reliance jio IPO Reliance Reliance jio

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 15:03:41 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23392605

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