Published: January 25, 2025 5:26 PM IST 
Mukesh Ambani news: It can surely be predicted that India is set to become a new global hotspot for luxury as Mukesh Ambani and his daughter Isha Ambani expand their Indian retail empire by bringing iconic global luxury brands like Hugo Boss and Versace to the country. With their vision to redefine premium shopping experiences, the Ambani family is trying to bridge the gap between Indian consumers and international luxury, catering to the rising demand for high-end fashion and lifestyle products in one of the world’s fastest-growing markets.
Old Navy: Affordable and Stylish Fashion
Old Navy, a part of Gap Inc., is celebrated for its budget-friendly, family-focused fashion. Its collaboration with Reliance Retail seeks to cater to India’s expanding middle-class demographic, offering style and value without compromise.
Asos: Trendy Apparel for the Digital Generation
Asos, a UK-based online fashion retailer, is famous for its chic, millennial-focused collections. Partnering with Reliance Retail, Asos aims to capitalize on India’s tech-savvy audience, highlighting the increasing significance of e-commerce in the country.
Shein: Trendy and Affordable Clothing
Shein’s return to India through a partnership with Reliance Retail marks a noteworthy comeback. Previously banned, the Chinese fast-fashion giant is re-entering the market via Reliance’s robust retail and digital infrastructure, tapping into India’s growing demand for affordable fashion.
Some other brand that have been introduced in India by the Ambani grouo are: Sandro, Maje, Amiri, Balenciaga, and Versace, as per a report by Times of India.
Reliance Industries Ltd (RIL) on Thursday revealed its third quarter results in which the conglomerate recorded a 12 per cent year-on-year increase in consolidated net profit to Rs 21,930 crore for the quarter ended December 31, as per the financial statement.
The robust performance in RIL’s financials for the third quarter was attributed to the growth in the company’s digital services, retail and oils-to-chemicals businesses.
Commenting on the results, Mukesh D Ambani, Chairman and Managing Director of Reliance Industries Limited said, “The previous month commemorated the 25th anniversary of our Jamnagar refinery. It gives me great pleasure to see Reliance grow exponentially over the years and set new benchmarks that demonstrate the inherent strength and resilience we have across all our businesses. The delivery of record EBITDA and PAT at a consolidated level for this quarter is a testament to this. Jio continued its aggressive 5G expansion, with 170 million True5G subscribers now contributing 40 per cent of the company’s wireless traffic.”
(With inputs from agencies)
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