Connect with us

Business

Manish Malhotra eyes global expansion of his stores after Ambani investment

Published

3 years ago

on

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.

Advertisement

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.

Advertisement

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.

Advertisement

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

Advertisement
Related Topics:
Continue Reading

Trending

Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

Published

13 hours ago

on

January 21, 2025

By

Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

Advertisement

The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

Advertisement
  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

Advertisement

In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending