MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Reliance retail is speculated to take over Subway India operations

Reliance retail is speculated to take over Subway India operations

Reliance Industry’s retail arm Reliance Retail is soon speculated to takeover Subway Inc India. The new deal is expected to be closed for a whopping $200+ million, and the official announcements on the same are expected soon. Subway, a very popular name in the F&B segment, is now undergoing a restructuring process under John Chidsey, CEO. The new moves are the result of the company’s effort to reduce headcount and cut costs due to reduced sales. In recent times, various reports had suggested that Subway is looking out for ways to streamline its operations in India, and it wants to collaborate with local agents to renovate the current individual networks and regional master franchisees.

As of now, master franchisees were acting as development agents who will run the stores in the cluster while not owning them. Reliance Retail is a worthy candidate for this new offering as it has operations in retail chains spanning across categories like fashion, lifestyle, consumer electronics, luxury, and grocery. Some of the brands in Reliance Retail’s portfolio are  Reliance Fresh, Reliance Trend, Reliance SMART, Reliance jewels. Hamleys, and Project Eve. RIL also acquired a 20 percent controlling stake in popular search engine Just Dial to connect local merchants.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED