Reliance Retail Ventures, a unit of Mukesh Ambani's Reliance Industries, has acquired Shri Kannan Departmental Store (SKDS) for ₹152 crore. SKDS currently operates 29 stores across Coimbatore and nearby areas with a retail area of over 6 lakh square feet. The department store chain reported revenue from operations of ₹415 crore and a profit of ₹2 crore for 2018-19.