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Manish Malhotra eyes global expansion of his stores after Ambani investment

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3 years ago

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Manish Malhotra eyes global expansion of his stores after Ambani investment

Manish Malhotra, a stylist for some of Bollywood’s biggest stars over the past 30 years, plans to more than double his chain and open his first overseas store just months after Asia’s richest man bought his namesake boutique .

Malhotra said in an interview in Mumbai that the first international brick-and-mortar store could appear in the US, UK or the Middle East by early 2023, and the luxury brand has a “massive following”. At least six new stores are in the pipeline in India and abroad, he said.
It currently has four retail locations in India.

Investments in billionaire Mukesh Ambani’s conglomerate Reliance Brands Ltd., which bought 40 percent of designer MM Styles Ltd. in October for an undisclosed sum, fueled his global ambitions shares.

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Ambani hopes to take his flagship Reliance Industries Ltd. operations global and expand his burgeoning retail empire while reducing reliance on his traditional fossil fuel-related businesses. Days after investing in MM Styles, the group also bought a 52 percent stake in Indian designer Ritu Kumar’s brand.

Mukesh Ambani’s Reliance buys stake in Bollywood fashion house

Reliance will seek to build a “strong technological backbone” for Malhotra’s brand and build it into a “global fashion giant,” the company said after announcing the acquisition of a stake in October.

As Malhotra lays out plans for overseas expansion, he is looking to create new product lines, including jackets, shirts, shoes and bags, to appeal to Western consumers outside the Indian diaspora.

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Malhotra, 55, became a household name in India after designing actors for a string of successful Bollywood films and went on to do so, launching his private fashion house in 2005. He also styled and decorated Ambani’s only daughter, Isha, for a lavish wedding in 2018 — an association that may have sown the seeds for future business collaborations.

Reliance Brands has become the gateway to India for international luxury companies seeking to tap into one of the world’s largest retail markets, bringing at least 35 international brands, including Burberry Group Plc, Hugo Boss AG and Jimmy Choo.
luxury bounce

Global demand for luxury goods is rebounding as global vaccination rates increase and people socialize and travel more. In India, the luxury fashion industry is also recovering after multiple lockdowns and is expected to grow from $1 billion last year to $1.5 billion by 2025, according to researcher GlobalData.

This is drawing corporate money into India’s fashion sector, which could erode the brand’s exclusivity.

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Malhotra insists the brand will not sell out despite a new heavyweight shareholder.

“We’re not going to do mass production, we’re going to carry the luxury of the brand,” he said. “The idea is to take our Indian craftsmanship globally and make it globally understood, globally accessible and wanted.”

Complete News Source : Business Standard

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$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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