Thursday, February 01, 2007

ADAG definitely entering retail sector; with whom is not known

It looks like the Anil Dhirubhai Ambani Group (ADAG) will be getting into the retail sector with one of the big global groups. The company has reportedly been meeting senior executives at Tesco, Carrefour and Radio Shack. While any tie up with either Tesco or Carrefour, will be in the food, grocery and home goods divisions, a tie up with Radio Shack, a consumer electronics chain store from the US, will allow the company to expand its Reliance Shops which were earlier called Webworlds. Radio Shack has shown interest in retailing mobile accessories which would also synergize will with ADAG's existing business.

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