Mukesh Ambani’s daughter Isha Ambani takes care of the Rs 9 lakh crore brand referred to as Reliance Retail that owns an enormous chunk of the retail market in India. Most well-liked fashion manufacturers embody Versace, Balenciaga, Armani, Jimmy Choo, Gas, Hugo Boss and others.
Mukesh Ambani and Isha Ambani’s Rs 9 lakh crore brand Reliance Retail is on a spree when it comes to growth and acquisition. Over the previous few weeks, the billionaire father-daughter duo has invested closely in new and rising manufacturers. Now, Mukesh Ambani and Isha Ambani owned Reliance Retail is reportedly planning to launch a new worth fashion brand referred to as Yousta. As per a report by India Retailing, Reliance Retail could open 200-250 shops of the new fashion brand throughout India within the coming years. The new Mukesh Ambani brand will instantly compete with Tata Group backed Zudio chain, the report additional suggests.
The first retailer of the new Reliance Retail brand will doubtless launch in Hyderabad subsequent month. The report reveals that the Isha Ambani lead Reliance Retail is presently in search of about 10,000 sq. ft. of mall house in Delhi for flagship retailer of upcoming brand Yousta.
For those that are unaware, the worth fashion sector could be very aggressive in India and large gamers like Tata Group and Reliance Retail are very aggressive to pay money for this house. Tata Group backed Zudio already has round 350 shops in India and plans to open extra this yr.
On the opposite hand, Reliance Retail is the guardian firm of Reliance Trends that may be a well-liked chain of fashion and life-style shops in India. Reliance Trends presently has greater than 2,300 shops in round 1,100 cities throughout India and to broaden additional, the corporate is planning to revamp a whole bunch of shops with new brand identification.
Mukesh Ambani’s daughter Isha Ambani takes care of the Rs 9 lakh crore brand referred to as Reliance Retail that owns an enormous chunk of the retail market in India. Most well-liked fashion manufacturers embody Versace, Balenciaga, Armani, Jimmy Choo, Gas, Hugo Boss and others.
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