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Tiffany to Launch in India This Year
Aug 7, 2019 10:35 AM
By Rapaport News
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RAPAPORT... Tiffany & Co. will open its doors in India in an effort to capitalize on its already strong image and brand awareness
in the country, the company said Wednesday.
The luxury jeweler will partner with Reliance Brands
Limited, which is part of the Reliance Industries conglomerate owned by Mukesh Ambani, recently
ranked by Forbes as the richest man in Asia. Tiffany will open stores in Delhi during the second half of the year, and further locations in
Mumbai in the second half of 2020.
“As a global luxury jeweler with stores in many of the
world’s most important cities, Tiffany’s emergence in these Indian commerce
centers with their growing luxury consumer base presents a unique opportunity,”
said Philippe Galtié, Tiffany’s executive vice president of global sales.
Reliance, which helps launch and build international brands
in the luxury sector, has already introduced Armani, Hugo Boss, Brooks Brothers
and other brands to the Indian market.
“Tiffany needs no introduction in India —
it is iconic and timeless,” said Darshan Mehta, president and CEO of Reliance
Brands.
Image: Tiffany jewelry and accessories. (Pixabay)
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Tags:
Darshan Mehta, Mukesh Ambani, philippe galtié, Rapaport News, Reliance Brands, Reliance Industries, Tiffany, Tiffany & Co
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