Reliance Retail acquires Kelvinator
Kelvinator pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, 'The Coolest One.'
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'This acquisition strategically aligns with Reliance Retail's vision of democratising aspirational living. By integrating Kelvinator's rich legacy of innovation with Reliance Retail's expansive and unparalleled retail network, the company is set to unlock substantial consumer value and accelerate growth in the rapidly expanding premium home appliances market across India,' Reliance Retail said in a statement.
'This synergy will ensure that high-quality, globally-benchmarked products are accessible to every Indian household, enhancing their daily lives,' it added.
Reliance to invest ₹75,000 cr in North-Eastern States: Mukesh Ambani
'Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready,' said Isha M Ambani, Executive Director, Reliance Retail Ventures Limited .
'The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network,' she said.
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