Bata appoints new MD CEO

The Company announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer. Rao joins from Nike, where he most recently served as Senior Director, Nike Retail, overseeing the France and Benelux markets. Prior to Nike, he worked with Inditex and played a key role in establishing Zara’s business in India … Read more

Reliance Retail raises money from QIA at double the valuation in 3 yrs

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more