Metro Cash and Carry India acquisition boosts Reliance Retail store network
22 July 2024, Mumbai
The acquisition of Metro Cash and Carry’s India operations has expanded the store network of Reliance Retail to over 200 stores across more than 180 cities.
The company added 30 new stores during the April-June quarter. It acquired Metro Cash and Carry India in late 2022 for Rs 2,850 crore. At the time, Metro Cash and Carry operated just 31 large-format stores in 21 cities.
The acquisition enables Reliance Retail to create an omnichannel offering for the B2B segment. The company previously executed the B2B operations of JioMart. It plans to continue investing in stores, platform enhancements, product design, and sourcing capabilities to further strengthen its value proposition. This will help the company sustain growth momentum in the near and medium term.
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