1 week Ago By Srishty Choudhury
Louis Vuitton is renting a large retail space for Rs 40.5 lakh per month (about $48,600) at Mukesh Ambani's At Jio World Plaza, making it one of the highest rents in the Bandra-Kurla Complex (BKC) area. The store covers 7,365 square feet, making it Louis Vuitton's biggest store in India.
Other luxury brands at Jio World Plaza are also paying high rents. Christian Dior rents two units totaling 3,317 square feet for Rs 21.56 lakh (around $26,000) per month.
Balenciaga, which opened its first store in India here, is reportedly paying Rs 40 lakh (about $48,000) per month. These rents highlight the premium position of Jio World Plaza as a luxury shopping destination. Louis Vuitton's rent comes to about Rs 550 per square foot, which is similar to other high-end malls like Maker Maxity, where rents range from Rs 500 to Rs 505 per square foot.
According to Forbes' latest estimates, Bernard Arnault and his family's net worth stands at an impressive $168.8 billion (Rs 13,84,160 crore), significantly surpassing Mukesh Ambani's net worth of $94.9 billion (Rs 7,78,180 crore).
Arnault's wealth stems from his extensive luxury goods empire, which includes some of the most prestigious brands globally. LVMH, a leading French multinational conglomerate, specializes in luxury products and boasts a portfolio that features renowned brands such as Louis Vuitton, Tiffany & Co., Dior, Givenchy, TAG Heuer, and Bulgari.
Jio World Plaza is quickly becoming a hotspot for luxury shopping in India, attracting top global brands and solidifying its position in the luxury retail market..
