Reuters reveals Reliance Retail’s private labels spook global consumer goods makers | Reuters News Agency
Business & Finance

Reuters reveals Reliance Retail’s private labels spook global consumer goods makers

On the shelves of supermarkets owned by India’s Reliance Retail, little-known food and home cleaning brands take pride of place alongside global labels owned by giants Nestle, Unilever and Coca-Cola. Products like Snac tac noodles and Yeah! colas are Reliance’s private label brands – and, as Reuters revealed, billionaire owner Mukesh Ambani’s not-so-secret weapons as he sets his sights on dominating a grocery market that’s already worth $608 billion and set to grow more than 20% by 2024. Already India’s biggest retailer, even as a $3.4 billion deal to buy no. 2 player Future Retail awaits clearance, Reliance has “immense focus” on private labels. That focus has already made some consumer goods firms in India uneasy, Reuters sources said. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Reliance-Retail
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