Date:05/03/2008 URL: http://www.thehindu.com/2008/03/05/stories/2008030555591700.htm

Business

Reliance Retail ties up with Pearle Europe

Special Correspondent

NEW DELHI: Mukesh Ambani owned Reliance Retail Limited (RRL) on Tuesday signed a joint venture agreement with leading European company Pearle Europe for the launch of a chain of optical stores in India.

This chain will comprise independent stores and stores within Reliance Retail formats such as Hypermart, Super and Wellness stores. The joint venture will bring world-class retail optical stores to India, with a range of private label frames, lenses, sunglasses and contact lenses and solutions, according to an official announcement here.

The joint venture will be seek regulatory approvals and is expected to be formalised within the next few months.