News > With giant mall, Reliance sets sights on next gold rush: luxury goods

With giant mall, Reliance sets sights on next gold rush: luxury goods

The Hindu Business Line | 26/04/2022 10:07 PM | Click to read full article

Reliance is building a mall with dozens of outlets for powerhouse brands from Louis Vuitton to Gucci, documents reviewed by Reuters show. The ritzy mall, Jio World Plaza, is the centrepiece of Reliance's bid to lure uber-rich Indians eyeing expensive bags or shoes.

Three people with direct knowledge of Reliance's strategy said the push is aimed at leveraging foreign brand partnerships and being ahead of retail rivals in luxury offerings.