Reliance Retail has inked a JV with UK based Boots to run its Reliance Health and Wellness chain of Pharmacy stores. Reliance Wellness will be the front end as mandated by FDI in Retail sector. Reliance Retail will also be in the back end learning the process from Boots.
It is likely that the stores will be branded as Boots. [Not sure what will happen to existing ones] The stores will sell from medicine to high-street health and beauty products. They will also be equipped for quick healthcare checkups.
Looks like Mukesh Ambani is finding it easy to negotiate with UK based companies [American retailers, better watch out] since this is the third such agreement after Reliance Marks Spencer and Reliance Noah’s Ark Toy Stores.