Pret A Manger, the international coffee and sandwich shop franchise chain based in the United Kingdom, struck a deal to open outlets across India. With a population of 1.3 billion India is a key market for international food brands. Reliance Brands, a unit of Mukesh Ambani’s Reliance Industries, will run...
India’s Foreign Investments Double Year-on-Year
Data from India's central bank, shows that outward foreign investment in the first month of this current fiscal year (April 2021) increased by more than two-times year-on-year to $2.51 billion. Of this amount, $1.75 billion was in the form of loans, $421 million was equity capital, and $333 million was...
Reliance Retail to Launch Tiffany and Tory Burch in India
Reliance Brands Limited, the luxury retail subsidiary of Mumbai headquartered Reliance Industries, signed a deal to launch the iconic jewellery brand Tiffany & Co in India next April. At that time, the company will also introduce American lifestyle brand Tory Burch in India. Reliance Brands markets luxury brands such as...
Global Fashion Companies to Launch Stores in India
Having tasted online success in India, Baltimore, Maryland-based Under Armour, U.K.'s Dorothy Perkins, Dutch Scotch & Soda, and Italy's Replay plan to set up brick-and-mortar stores across the country. Research portal Statista based in Hamburg, Germany, predicts that India's clothing market will reach $100 billion by 2020. Under Armour aims...
Williams-Sonoma to Debut in India
San Francisco, CA-based Williams Sonoma Inc., and Mumbai-based Reliance Brands will launch Pottery Barn and West Elm in India through a franchise agreement. The brands' first stores as well as e-commerce websites will open in Mumbai in 2020. President and CEO of Williams-Sonoma Laura Alber said, "We are looking forward...