The UK-based retailer will hold 51 per cent in the venture, and will set up 50 stores in five years as part of its expansion plans. 


<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Retail chain Marks &amp; Spencer Group Plc (M&amp;S) has taken a majority 51 per cent stake in a new joint venture with Reliance Industries

M&S, Reliance ink retail JV

Also Read

Cabinet nod to market access modalities

HC to ICICI Bk: Derivatives loss not NPA

GMR to pay Rs 620 cr for 50% in SA coal firm

Israel`s Koor eyes stake in Tata Tele

Startek to deliver 2 dredgers

Explore News

M&amp;S, Reliance ink retail JV