Sources indicate that negotiations are in progress to secure the 51:49 India joint venture between Italy’s Percassi Group and DLF Brands based in New Delhi. This joint venture currently oversees 8-10 Kiko Milano stores spread across Mumbai, Delhi, Pune, Bengaluru, and Noida.
Isha Ambani, who is Akash Ambani’s twin sister, has a bachelor’s degree in Pschychology from Yale University and an M.B.A. from Stanford University. In 2014, Isha Ambani was made the Director of Reliance Jio where along with her brother Akash, she helped in sealing the company’s deal with Facebook— $5.7 billion for a 9.9 percent stake in 2020—plus follow-on investments from titans like Google, Qualcomm and Intel, as per Forbes. But did you know that just like her father Mukesh Ambani who’s trusted man Manoj Modi helps him in his business, Isha too is assisted in her business strategies by Darshan Mehta? Read on to know more about him here.
The potential deal, estimated to be around Rs 100 crore, may encompass franchise rights for the Kiko Milano brand within India. Responding to inquiries, Reliance Retail refrained from commenting on media speculations and rumors, maintaining their stance of evaluating various opportunities continually.
Reports suggest that Reliance Retail is strategically expanding its portfolio of beauty retail brands to tap into the burgeoning beauty and personal care (BPC) market in India. The company has already made inroads into the beauty sector with Tira, a premium offline-and-online beauty destination launched last year, along with Blushlace, catering to tier 2 and 3 cities with value-focused beauty and innerwear products.
While Sephora targets the mid-to-premium segment, Kiko Milano, as an international brand, caters to the premium end of the BPC market. With Reliance Retail’s growing presence in the beauty sector, India is emerging as an attractive destination for global brands seeking expansion opportunities.
When we look at Isha Ambani, her whole body language screams enthusiasm and creativity, suggesting she’s got what it takes to become a big business mogul in the future. Her eyes and facial expressions show she’s mature but can also get pretty emotional sometimes, which might throw her off a bit. But when you see her tilting her head in photos, it’s clear she knows how to handle things and come out of them on a positive note. Plus, her hand gestures, like when her fists almost touch, show how close she is to her siblings, indicating they’re super important to her. And that smile of hers? It tells us she’s all about family, enjoying spending time with her siblings and taking care of them without expecting anything in return. Overall, Isha seems like a determined and loving person, ready to take on the world while cherishing her family bonds.
Kiko Milano is an esteemed Italian beauty brand and is famous around the world for epitomising elegance and sophistication in the world of cosmetics. Renowned for its high-quality products and avant-garde formulations, Kiko Milano has established itself as a frontrunner in the global beauty industry. With a diverse range of makeup, skincare, and accessories, Kiko Milano caters to the discerning needs of beauty enthusiasts worldwide. Each product is meticulously crafted to blend innovation with timeless elegance, offering customers a luxurious experience that transcends trends. Whether it’s their vibrant eyeshadow palettes, silky-smooth lipsticks, or hydrating skincare essentials, Kiko Milano consistently delivers excellence, empowering individuals to express their unique beauty with confidence and flair.
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