2 weeks Ago By Ishaan Mittal
Reliance Industries supremo Mukesh Ambani and Reliance Retail chair Isha Ambani have decided to halt the operations of multi-brand retail stores Centro. Here's why Mumbai: Reliance Industries chairman Mukesh Ambani and Reliance Retail chair Isha Ambani have decided to halt the operations of their retail apparel store Centro. The fashion store was opened in 24 locations across the country.
The fashion retail store was first opened in Delhi’s Vasant Kunj in a 75,000 sq ft space. The store housed 300 brands with more than 20,000 style options, according to an official statement. Why Ambani is halting Centro operations? Centro is likely to be relaunched with in-house products from sister brands such as Azorte and Yousta, the ET reported.
Reliance has closed 3 Centro stores so far. The group plans to close down all 24 stores by November end, according to the report. Reliance rebranded erstwhile Future Group’s Central brand and relaunched it as Centro.
This was done after Reliance took over the store leases from Future Group. Reliance Retail launches Tira flagship store Reliance Retail launched its first Tira luxury store in Mumbai’s Jio World Plaza. The 6,200 sq ft store houses 15 shop-in-shop boutiques.
Tira will house brands such as Dior, Estee Lauder, Yves Saint Laurent, Prada and more. The store exclusively houses the ultraluxury skincare brand Augustinus Bader. Media Release – Tira unveils its flagship luxury beauty store at Jio World Plaza Unveiling a New Era of Luxury Beauty: Tira redefines beauty retail in India with its largest store, offering an unmatched retail experience of the most prestigious global luxury brands, and.
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twitter.com/tsmHg3l8Jl — Reliance Industries Limited (@RIL_Updates) November 13, 2024 The facility also houses a cafe which offers small bits and juices containing collagen and spirulina. The cafe also houses a Champagne Bar, according to the official release.
Mrs. Nita Mukesh Ambani and Isha Ambani Piramal, joined by Kareena Kapoor Khan, @advani_kiara and Suhana Ali Khan gathered to mark the opening of Tira’s flagship store at Jio World Plaza This new beauty destination introduces a curated selection of beauty brands and immersive..
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com/fva1yxBkpP — Reliance Industries Limited (@RIL_Updates) November 14, 2024 Actors Kiara Advani, Suhana Khan, and Kareena Kapoor joined Isha Ambani Piramal and Nita Mukesh Ambani at the Tira flagship store launch. Click for more latest Biz news . Also get top headlines and latest news from India and around the world at News9.
The writer is a business and opinion journalist with over 8 years' experience in print and digital journalism. He is focused on simplifying business concepts for readers and offering news that you can use. He also covers auto sector news for this publication.
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