Fashion World

Fashion World (Reliance Retail Limited) is a new offline retail format that aims to transform high street shopping. It leverages franchise partnerships to sell Reliance Retails diverse portfolio of fashion brands, including apparel, accessories, and footwear. The product mix includes both national mass market brands and hyperlocal product offerings.

Reliance Industries Limited: Presented as Indias most valued enterprise, with verticals in Retail, Digital Services, Media, and more. It reports 105 billion in revenues and a 235 billion enterprise value.

Reliance Retail: Stated to be the 1 Retailer in India, 5x bigger than the next Player, with 31.7 billion in FY2023 gross sales.

Fashion and Lifestyle FandL Division: The FandL business has over 3100 stores across more than 1000 cities.

Agreement and Stock Details:

• Agreement: The franchise agreement term is 5 years and is renewable.
• Stock Model: It is an Outright Buy and Sell model with No returns.
• Stock Correction: A 10 percent stock correction based on purchase value is permitted after 6 months.
• Defective Stock: Damaged or defective stock can be sent back to the warehouse for credit notes after verification.