Sunday, June 26, 2022
HomeBusinessMukesh Ambani, Preparing To Make A Splash In The Cosmetic World

Mukesh Ambani, Preparing To Make A Splash In The Cosmetic World


Mukesh Ambani of Reliance Industries is now preparing to make a splash in beauty and cosmetics. Reliance Retail plans to open 400 retail stores in the coming few years. Only beauty and cosmetic products will be sold at these stores. Reliance’s entry will challenge companies like Nykaa and Myntra.

According to reliable sources in the report published in the Economic Times, Mukesh Ambani plans to open two different stores. Some of these stores will be multi-branded. Apart from this, there will also be a chain of stores of value products for the mass market. There has been no response to the mail from Reliance Retail in this regard.

Stores with value format will be spread over 1000-2000 square feet. The most significant expansion is planned in this segment. Apart from this, the company also plans to open high-end beauty and cosmetic stores with the help of Tiara. Such stores will be spread over 5000 square feet. The Economic Times had said that Reliance plans to launch a dedicated e-commerce platform for multi-brand beauty and cosmetics.


There will be a market of more than 30 thousand crores.

Financial services firm Avendus released a report in the year 2021. According to this report, by 2025, India’s care and beauty market will be about $ 4.4 billion or more than 30 thousand crores. In 2019-20, the number of online beauty and personal care shoppers was 25 million. Their number is to reach 100 million by 2024-25. Big industry houses like Reliance and Tata are entering this segment.

Reliance is looking for space in malls.

It has been reported from many malls in Delhi and Mumbai that Reliance is looking for 4000-5000 square feet of space. This search is being done to open cosmetic stores.

Isha Ambani herself is watching this project.

According to the old report of ET, Tiara is a significant project for Reliance Retail. Reliance Retail’s director Isha Ambani is herself involved in this project. It is believed that Tiara’s online business can be integrated with Reliance’s fashion website Ajio. Isha Ambani herself is involved in this project as well. The Tata Group is also preparing vigorously for its entry into the beauty care products segment.

Ashish Kumar Mishra
Ashish Kumar Mishra
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

Related News


Malaika Showers Love On Arjun’s Birthday, Feeds Cake With Her Hand

'Mere Haath Mein Tera Haath Ho Saari Jannatein Mere Saath Ho...' Malaika Arora and Arjun Kapoor feel the same way for each other. Seeing...

Why Does This Woman Want To Order Sperm From 3000 KM Away?

A woman wants to get her husband's sperm from about 3000 kilometres to become a mother. She wants to become a mother through the...

If You Want To Study Abroad, Then Book US Visa Interview Slot Like This

Abroad Study, Student Visa Interview Slots: The US Embassy in India has invited applications for visa interviews for students dreaming of studying abroad. The...

Nehha Pendse Glamorous Transformation In Red Fuchsia Monokini

If there is one character that is the coolest and most glamorous in ' Bhabiji Ghar Par Hain', it is Manmohan Tiwari's heartthrob Anita Bhabhi...

Poonam Pandey Seen Roaming In Braless Look, Oops Moment Goes Viral

Poonam Pandey is known for her bold and outspoken style. Poonam's sizzling looks often remain in the discussion. Poonam Pandey has been in constant...