Wednesday, January 31, 2007

Reliance Fresh aims for 4 million sq ft of retail space

Reliance Retail's food and grocery format store Reliance Fresh is aiming to reach 4 million sq ft of space by the end of this year. The company had recently acquired the Adani Retail Group which as 54 stores in the state of Gujarat which will soon be rebranded by the company into Reliance Fresh stores.
Over the past 5 to 6 months, Reliance Retail has been aggressive on the acquisition front. Having snapped up the Adani stores, it is also in talks to acquire the Delhi-based co-operative chain Super Bazar and Mumbai-based co-op chain Maratha Stores. Unconfirmed reports say it is also eyeing the south India-based Subhiksha retail chain.

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