Reliance Retail acquires footwear firm V Retail

Reliance Retail’s net profit in Q3 FY2023 jumped 6.2%.

India-based Reliance Retail bought footwear company V Retail which operates Centro Footwear stores.

In a media release, Reliance Retail said its net profit increased by 6.2% to INR2,400 crores in the third quarter of 2023 which ended in December 2022.

Aside from the acquisition of Sosyo, Lotus Chocolate, the launching of the Independence brand, and the growth momentum of JioMart, Reliance also cited the acquisition of V Retail amongst its strategic progress.

“Reliance Retail strengthened its product offerings with acquisition of V Retail (Centro Footwear),” it said.

V Retail, established in 2009, currently has 31 Centro stores across Andhra Pradesh, Telangana, and Karnataka, 15 of which are just in Hyderabad, according to the Centro website.

Follow the link for more news on

Reliance Retail

Also Read

Philippine malls lure shoppers with complete holiday experience

FairPrice Group extends discount schemes through 2025

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit