More (store)

Last updated

More Retail Private Limited
More. stores
Company typePrivate Company
Industry Retail
PredecessorAditya Birla Retail Limited founded July 14, 1988;35 years ago (1988-07-14)
Founded2007
HeadquartersMumbai, India
Number of locations
878 - SuperMarkets, 42 - HyperMarkets
Key people
Vinod Nambiar – Managing Director
Giridhar Ayanur Seetharam (CEO)
Products
  • Supermarket
  • Hypermarket
  • Grocery & staples
  • Daily essentials
  • Dairy & frozen
  • Home and furniture
  • Home appliances
  • Bed & bath
BrandsMore Supermarket, More Hypermart, More Megastore
Number of employees
over 11,000
Website moreretail.in

MORE (Short for "More Retail Private Limited") is an Indian food and grocery retail store chain. MORE operates its stores under two formats; More Supermarkets and More Hypermarkets. MORE also offers an online grocery service via its mobile app. More Retail [1] was previously known as Aditya Birla Retail Limited when it was part of the Aditya Birla Group [2] [3] [4] before More was sold to investors led by Samara Capital and Amazon. More Retail has a network of 878 Supermarkets in 30 cities and 42 Hypermarkets in 12 cities.

Contents

The company is headquartered in Mumbai and has offices in Kolkata and Bengaluru.

More Retail Limited also provide customers products under its own labels. [5]

History

1986 - K Anjaneyulu and his wife established Trinethra Super Retail, a Hyderabad-based supermarket chain.

2007 - Aditya Birla Group acquired Trinethra Super Retail, which was their first retail acquisition. Trinethra Super Retail had over 172 stores spread across four states - Andhra Pradesh, Karnataka, Tamil Nadu and Kerala. In Tamil Nadu and Andhra Pradesh, the Trinethra brand was being used, while in Karnataka and Kerala, the Fabmall brand was being used. ABG later rebranded Trinethra as More Retail. [6] [7]

2008 – More Retail launched More Hypermarket in Baroda and Mysore.

2008-12 – More Retail expanded its footprint to 635 stores across India

2015 - Aditya Birla Retail Limited acquired Total Super Stores from Jubilant Agri and Consumer Products Ltd (JACL) [8]

2016-17 – Aditya Birla Retail Ltd won the Retail Transformation and Reinvention award for “Retail Transformation and Re-Invention” [9]

2019 – WItzig Advisory acquired Aditya Birla Retail from Aditya Birla Retail Group and rebranded it as 'More Retail Pvt. Limited' [10]

2022 – More Retail has 900+ stores across India.

Restructuring

Various news reports, later confirmed by an order from Competition Commission of India, indicated the More was sold by Aditya Birla Group to a group of investors led by the private equity firm Samara Capital & E-Commerce company Amazon. Consequently, More is no longer part of Aditya Birla Group.

Related Research Articles

<span class="mw-page-title-main">Grocery store</span> Retail store that primarily sells food and other household supplies

A grocery store (AE), grocery shop (BE) or simply grocery is a foodservice retail store that primarily retails a general range of food products, which may be fresh or packaged. In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, and is not used to refer to other types of stores that sell groceries. In the UK, shops that sell food are distinguished as grocers or grocery shops.

<span class="mw-page-title-main">Save-A-Lot</span> American retail and grocery company

Save A Lot Food Stores Ltd. is an American discount supermarket chain store headquartered in St. Ann, Missouri, in Greater St. Louis. It has about 900 independently owned and operated stores across 32 states in the United States with over $4 billion in annual sales.

<span class="mw-page-title-main">Hypermarket</span> Big-box store combining a supermarket and a department store

A hypermarket is a big-box store combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine shopping needs in one trip. The term hypermarket was coined in 1968 by French trade expert Jacques Pictet.

A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.

SPAR, originally DESPAR, styled as DE SPAR, is a Dutch multinational franchise that provides branding, supplies and support services for independently owned and operated food retail stores. It was founded in the Netherlands in 1932, by Adriaan van Well, and as of 2021 consists of 13,623 stores in 48 countries.

<span class="mw-page-title-main">Big-box store</span> Physically large retail establishment

A big-box store is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores.

<span class="mw-page-title-main">Aditya Birla Group</span> Indian multinational conglomerate

The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai. The group has a presence in 36 nations and a combined annual revenue of $65 billion, over 50% of which is derived from its overseas operations. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.

<span class="mw-page-title-main">Steinberg's (supermarket)</span> Defunct Canadian supermarket chain

Steinberg's was a large family-owned Canadian grocery store chain that mainly operated in the province of Quebec and later Ontario. In addition to its flagship supermarket chain, the company operated several subsidiaries across the country. The company went bankrupt in 1992, three years after being sold to private interests, after 75 years in business.

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian industrialist (born 1967)

Kumar Mangalam Birla is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$17.6 billion, as of October 2023 making him the 7th richest person in India.

<span class="mw-page-title-main">Chedraui</span> Mexican supermarket company

Chedraui is a publicly traded Mexican grocery store and department store chain which also operates stores in the U.S. in the states of California, Arizona, New Mexico, Texas, and Nevada under the banner name El Super and stores in Texas under the banner name Fiesta Mart. It is traded on the Mexican Stock Exchange under the symbol CHEDRAUI.

<span class="mw-page-title-main">Casa Ley</span>

Casa Ley is a Mexican grocery store chain based in Culiacán founded in 1954 by Juan Ley Fong. Most of its stores are located in western Mexico, in the states of Baja California, Sonora, Sinaloa, Nayarit, Jalisco, Colima, Coahuila, Durango, Guanajuato, and Baja California Sur. It is Mexico's largest privately held supermarket chain. For years, 49% of the chain was owned by American supermarket chain Safeway Inc., which later went to Albertsons Companies, Inc. after it acquired Safeway in 2015. In 2018, Albertsons divested its 49% share to Tenedora CL del Noroeste, ending the company's international operations.

<span class="mw-page-title-main">Aditya Birla Fashion and Retail</span> Indian clothing retail company

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. It emerged after the consolidation of the branded apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL), in May 2015. Post consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

<span class="mw-page-title-main">Giant (hypermarket)</span> Supermarket chain

GCH Retail (Malaysia) Sdn Bhd is a hypermarket brand and retailer chain now mainly in Malaysia, Singapore and formerly Brunei, Cambodia, Indonesia and Vietnam. In 2016, Giant was the largest supermarket chain in Malaysia. Its parent company also operates Mercató, Cold Storage and TMC in Malaysia.

<span class="mw-page-title-main">Coles Group</span> Australian public company

Coles Group Limited is an Australian public company operating several retail chains. Its chief operations are primarily concerned with the sale of food and groceries through its flagship supermarket chain Coles Supermarkets, and the sale of liquor through its Coles Liquor outlets. Since its foundation in Collingwood, Victoria in 1914, Coles has grown to become the second-largest retailer in Australia after its principal rival, Woolworths, in terms of revenue.

Future Group is an Indian conglomerate, founded by Kishore Biyani and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited are two operating companies whose assets are among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.

X5 Group is Russia's largest food retailer. In 2012, the organization of X5-Retail Group LLC was liquidated, and in 2018 X5 Group LLC was opened.

<span class="mw-page-title-main">Shoprite Holdings Ltd</span> South African supermarket chain

Shoprite Holdings Ltd (Shoprite) is Africa’s largest supermarket retailer, operating 3,326 stores across the continent. The company's headquarters are in Brackenfell in the Western Cape province of South Africa. Shoprite is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Lusaka stock exchanges. The Shoprite Group employs more than 153,000 people and is the largest private sector employer in South Africa.

References

  1. "More Retail Pvt Ltd Company Profile". Bloomberg.
  2. "Aditya Birla Group | Companies | Indian companies | Aditya Birla Retail Limited". Adityabirla.com. 23 June 2010. Retrieved 11 February 2011.
  3. Malviya, Sagar (7 July 2014). "Aditya Birla Retail borrows Rs 500 crore from Yes Bank". The Economic Times . Retrieved 3 December 2018.
  4. "Forgot Password -". Morestore.com.
  5. "Aditya Birla Group". Adityabirla.com. Retrieved 24 June 2019.
  6. "Trinethra: Birla's first retail takeover". Timesofindia-economictimes.
  7. "Media Releases". Abg.com. Retrieved 24 June 2019.
  8. "Aditya Birla buys retail business of Jubilant Industries". 12 May 2015.
  9. "World Retail Congress announces winners of World Retail Awards 2016".
  10. "Amazon, Samara Capital co-invest in 'more' owner Witzig Advisory Services". 21 September 2018.