Reliance Industries changed its Reliance Retail share swap for RIL shares from mandatory to optional for retail investors at an extraordinary general meeting on January 23 following push-back from minority shareholders.
Asos said it delivered an “encouraging” start to its financial year when it issued a trading update on Thursday, with the four months to December 31 seeing both total group revenue and total group sales up 20%.
Burberry’s Q3 update offered further signs of the strength of the firm’s growth strategy. It had “a good quarter” and “continued to shift consumer perceptions of our brand and align the network to our new vision”.
Reliance Retail will launch thousands of “Reliance Smart Points” across India to act as last mile delivery points for fast moving consumer goods as the business aims to expand its omni-channel approach to retail.