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Reliance Retail inks JV for manufacturing toys

Reliance Retail, the country s leading retailer which owns iconic British toy brand Hamleys and home-grown toy brand Rowan, has entered into a joint venture with a Haryana-based firm for local manufacturing to meet the growing demand. The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. We also had a JV with Circle E retail for toy manufacturing for vertical integration for our toys retailing business, said Reliance Retail CFO Dinesh Taluja during an earnings call last week.

Latest News | Reliance Retail to Expand Biz in Affordable Toy Segment Through Rowan Brand

Get latest articles and stories on Latest News at LatestLY. Reliance Retail is expanding its business into the fast-growing toy sector through its brand Rowan to operate in the affordable segment with a smaller shop size. Latest News | Reliance Retail to Expand Biz in Affordable Toy Segment Through Rowan Brand.

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