In the realm of Indian business, Mukesh Ambani’s name resonates with unparalleled success and innovation. With a net worth of $116.9 billion, he stands as India’s wealthiest individual, spearheading Reliance Industries into the future. But alongside him, Isha Ambani, his daughter, emerges as a driving force, recently appointed to the Board of Directors alongside her brothers Akash and Anant Ambani. Together, they are poised to reshape the landscape of Reliance Industries for generations to come.
Under Isha’s leadership as the Managing Director of Reliance Retail, a subsidiary valued at $100 billion, Reliance Retail has witnessed unprecedented growth and expansion. Her strategic vision and astute business acumen have not only fueled the organic growth of Reliance Retail but have also paved the way for groundbreaking acquisitions and partnerships with international brands.
Let’s delve into seven popular brands that have thrived under Isha Ambani’s leadership:
Tira Beauty
Launched in April 2023, Tira Beauty, an omnichannel beauty retail platform curated by Isha Ambani, offers a diverse range of global and local beauty brands. From luxury names like Versace and Dolce & Gabbana to niche favorites, Tira Beauty has quickly become a go-to destination for beauty enthusiasts.
Hamleys
Acquired by Reliance Brands Limited in 2019, for £67.96 million (approximately Rs 620 crore), Hamleys, the iconic toy retailer, now falls under Isha Ambani’s brand portfolio. With its rich legacy and global presence, Hamleys continues to delight children and families worldwide.
AJIO
Reliance Retail’s fashion and lifestyle e-commerce platform, AJIO, has soared to new heights under Isha’s leadership. With an annual gross merchandise value of $2 billion in 2023, AJIO has forged partnerships with international brands like GAP, offering customers an unparalleled shopping experience.
Cover Story
As India’s first fashion brand, Cover Story, under Isha Ambani’s Reliance Retail, brings the latest global couture trends to India’s high streets. With its design studio in London, Cover Story blends innovation with style, captivating fashion-forward consumers.
Freshpik
Launched in 2021, Freshpik, a gourmet brand under Reliance Retail, caters to the discerning customer’s grocery needs. Offering a range of gourmet assortments, international ingredients, and fresh produce, Freshpik has become synonymous with quality and convenience.
Netmeds
Venturing into the pharmaceutical sector, Reliance Retail acquired a majority equity stake in Netmeds, catering to both online and offline pharmacy needs. With its focus on healthcare accessibility, Netmeds has emerged as a trusted name in the industry.
7-Eleven
In a strategic partnership with 7-Eleven, the world’s No. 1 convenience store, Reliance Retail opened its doors to Indian consumers in 2021. With the first store in Mumbai, Eleven aims to redefine convenience shopping in India, offering a wide range of products and services.
As Isha Ambani leads Reliance Retail into the future, her twin brother Akash heads Reliance Jio, and Anant oversees Reliance New Energy. This strategic distribution of responsibilities ensures a dynamic and innovative future for the Reliance conglomerate, poised to leave an indelible mark on India’s business landscape.
Stay tuned as Reliance Retail continues to redefine retail excellence under Isha Ambani’s visionary leadership.
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