Reliance Brands Ltd, an arm of Reliance Industries Ltd, will be launching the first store of the iconic American jeweller Tiffany & Co in India at Delhi's The Chanakya Mall in January 2020.
In August 2019, Reliance Brands has entered into a partnership with Tiffany & Co to launch the jewellery brand in India.
Darshan Mehta, President and Chief Executive Officer, Reliance Brands, said, “We are launching first Tiffany store at Chanakya Mall in Delhi in January 2020.”
The American jeweller is popular for its engagement rings and robin egg blue boxes. Tiffany is operating over 320 stores in more than 25 countries.
Currently, Reliance Brands is managing more than 60 brands including Kate Spade, Muji, Steve Madden, Superdry, Diesel, Hunkemoller, Iconix, Juicy Couture, among others. The company also has 420 single-brand stores and retails via 350 shop-in-shops in India.
“Despite the slowdown in consumption and overall economy, the company's expansion plans and new store openings are on track. We do not measure our business on a quarter to quarter basis. We see long term trends. We are scheduled to open 100 stores in the current year across our portfolio,” Mehta further stated.
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