Weekly News Wrap: Ambani’s kin to head Reliance’s retail arm; China Tourism Group to relaunch Hong Kong listing plan

And an Australian appliance chain pauses its facial recognition trial.

From Bloomberg:

Indian billionaire Mukesh Ambani just got busy with the early stages of succession planning at his energy-to-technology conglomerate Reliance Industries, naming two of his offspring as chiefs of key units in his $217b empire.

On Tuesday, the 65-year-old tycoon made way for his first-born Akash Ambani to become the chairman of India’s No. 1 wireless carrier Reliance Jio Infocomm. Akash’s twin sister Isha, 30, is set to be appointed chair of Reliance’s retail arm, people familiar with the matter said. The company declined to comment.

Whilst Mumbai-based Reliance has telegraphed such a leadership transition, the move underscores the senior Ambani’s efforts to avert family feuds that have torn many wealthy clans apart, including his own.

READ MORE: Reliance picked as official retailer of Tod’ S.p.A

From Bloomberg:

China Tourism Group Duty Free, the world’s largest travel retailer, is set to relaunch a planned Hong Kong listing that could raise around $2b to $3b, according to people familiar with the matter.

The offering by the state-owned operator of duty-free businesses across China, Hong Kong, Macau and some Southeast Asian cities could launch as early as August or September, said the people, asking not to be identified.

IFR first reported the details of the plan. A representative for CTG Duty Free didn’t immediately respond to a request for comment.

The Shanghai-traded company decided to suspend a listing last December, joining a slew of others amid a choppy market.

From Reuters:

Australia's second-biggest appliance chain is pausing a trial of facial recognition technology in stores after a consumer group referred it to the privacy regulator for possible enforcement action.

Use of the technology by The Good Guys, owned by JB Hi-Fi, and two other retail chains was potentially in breach of privacy laws, the consumer group CHOICE told the Office of the Australian Information Commissioner (OAIC) in a complaint.

The Good Guys said it would "pause the trial of the upgraded security system with the optional facial recognition technology being conducted in two of its Melbourne stores".

The company took confidentiality of personal information seriously and was confident it had complied with relevant laws, but decided "to pause the trial at this time pending any clarification from the OAIC regarding the use of this technology", it added.

"This is an important step in the right direction for The Good Guys, and a decision we know reflects community expectations," CHOICE policy adviser Amy Pereira said in a statement.