Reliance Retail to open outlets at corporates' premises

Mukesh Ambani-led Reliance Retail has devised a new business model, under which it will open small outlets at the premises of large corporates.
The company, which is a subsidiary of Reliance Industries, will soon approach big corporate houses with this proposal to implement the novel business plan, a top Reliance Retail Official said.

"We will approach big corporate houses, where thousands of people work, with a proposal to open our small retail outlets there," the official told.
Elaborating on the new business model, the official said RRL envisages an employee-friendly retail format. It will provide price discounts to employees in these stores.
In the first phase, RRL plans to open Reliance TimeOut Stores, engaged in books and music retailing business, in Mumbai and Delhi.
"Our initial plan is to start this with our TimeOut stores where we sell music, books and gifts. Our bigger formats may not be viable for this option," the official said.
The details of the new business model are yet to be worked out, the official said, adding that the company is also looking at options to forge JVs with these firms.