Latest news with #FACEGYM
The Hindu
17 hours ago
- Business
- The Hindu
Reliance Retail picks up minority stake in U.K.'s FACEGYM
Reliance Retail Ventures Ltd. (RRVL) has announced a minority investment in U.K.-based FACEGYM, which is into facial fitness and skincare, for an unspecified amount. The firm approaches skincare by combining non-invasive facial workouts with advanced skincare formulations. Through this investment, Reliance Retail's Tira will spearhead FACEGYM's India foray – leading its local operations and market development, bringing the brand's concept to Indian consumers. Reliance said it will establish and scale FACEGYM's presence in India over the next five years, through a mix of standalone studios and curated spaces within select Tira stores across key cities. Bhakti Modi, co-founder & CEO of Tira, said, 'FACEGYM sits at the unique intersection of beauty, wellness, and fitness – creating a category of its own. This aligns perfectly with beauty consumer in India.' Angelo Castello, CEO of FACEGYM, said, 'With our current strategic partnerships, we are in a powerful position to turn FACEGYM into one of the only beauty services that exists with this size of global footprint – launching in new markets, and sculpting more people than ever before with our unique approach to facial fitness and skin health.'
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Business Standard
18 hours ago
- Business
- Business Standard
Reliance Retail to bring FACEGYM to India, makes minority investment in co
Reliance Retail Ventures on Thursday announced a strategic minority investment in UK-based FACEGYM, a global facial fitness and skincare company, and will also bring it to India. 'This marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space,' the company said in a release. Founded by wellness entrepreneur Inge Theron, FACEGYM offers non-invasive facial workouts with skincare formulations. 'Through this partnership, Reliance Retail's Tira will spearhead FACEGYM's foray into India – leading its local operations and market development, and bringing the brand's innovative concept to the Indian consumer,' Reliance Retail Ventures said in its release. Reliance will establish and scale FACEGYM's presence in India over the next five years, through a mix of standalone studios and curated spaces within select Tira stores across key cities. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said, 'At Reliance Retail, our commitment is to introduce world-class brands and innovative concepts and experiences to the Indian consumer. FACEGYM sits at the unique intersection of beauty, wellness, and fitness – creating a category of its own. This aligns perfectly with the discerning beauty consumer in India, who is experience-oriented and increasingly drawn to science-backed, innovative concepts. We welcome FACEGYM to our portfolio and to India, and are excited to unlock its immense growth potential in this dynamic market.'
India.com
18 hours ago
- Business
- India.com
Mukesh Ambani, Isha Ambani make big move, Reliance Retail acquires stake in this foreign company, it is of…, name of…
Home Business Mukesh Ambani, Isha Ambani make big move, Reliance Retail acquires stake in this foreign company, it is of…, name of… Mukesh Ambani, Isha Ambani make big move, Reliance Retail acquires stake in this foreign company, it is of…, name of… RRVL had reported a consolidated turnover of Rs 3.30 lakh crore for the year ended March 31, 2025. Reliance Retail Ventures Ltd (RRVL) has acquired a minority stake in UK-based FACEGYM for an undisclosed amount and plans to introduce the facial fitness and skincare brand in India, the company announced on Thursday. The investment is part of RRVL's broader strategy to expand its presence in the rapidly growing beauty and wellness segment. 'Through this partnership, Reliance Retail's Tira will spearhead FACEGYM's India foray – leading its local operations and market development, bringing the brand's innovative concept to the Indian consumer,' a joint statement said. Reliance To Establish FACEGYM In India Reliance will establish and scale FACEGYM's presence in India over the next five years, through a mix of standalone studios and curated spaces within select Tira stores across key cities, it said. Tira is an omnichannel beauty retail platform owned by Reliance Retail. 'This expansion will leverage Reliance's robust retail ecosystem, market expertise, and deep consumer insights to introduce and scale FACEGYM's unique offering in a rapidly growing beauty space,' it said. Founded by beauty and wellness entrepreneur Inge Theron, FACEGYM has pioneered a transformative approach to skincare by combining non-invasive facial workouts with advanced skincare formulations. 'The partnership reinforces Reliance Retail's broader strategy to scale its presence in the beauty and personal care vertical, anchored by Tira,' it said. Bhakti Modi On FACEGYM Bhakti Modi, Co-founder & CEO of Tira, said: 'FACEGYM sits at the unique intersection of beauty, wellness, and fitness – creating a category of its own. This aligns perfectly with the discerning beauty consumer in India who is experience-oriented, and increasingly drawn to science-backed, innovative concepts.' Angelo Castello, CEO of FACEGYM, said, 'With our current strategic partnerships, we are in a powerful position to turn FACEGYM into one of the only beauty services. This partnership with a leading conglomerate like Reliance will serve as a catalyst for our global expansion by establishing our presence in the dynamic Indian market.' RRVL, through its subsidiaries and affiliates, operates an integrated omni-channel network of 19,340 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle and pharma consumption baskets. (With Inputs From PTI) For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on
Zawya
a day ago
- Business
- Zawya
Ambani's Reliance to spin off India consumer goods business into new unit
MUMBAI - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Tribunal has approved the internal restructuring under which Reliance will transfer its consumer business from its retail arm into a direct subsidiary, New Reliance Consumer Products Ltd, according to an order dated June 25, which was first reported by Indian media on Thursday. "This is a large business by itself requiring specialized and focused attention, expertise and different skill sets as compared to retail business," Reliance said in its request for approval to the tribunal, according to the order. "This business also entails large capital investments on an on-going basis and can attract a different set of investors," it added. The new entity will also include Reliance's beauty business. Reliance Industries will hold an 83.56% stake in the entity. Reliance's retail unit has separately been planning an IPO. On Thursday, Reliance Retail announced a strategic minority investment in UK-based FACEGYM, a facial fitness and skincare company, without disclosing an investment amount.
Time of India
a day ago
- Business
- Time of India
Reliance Retail acquires minority stake in UK-based FACEGYM, to bring brand to India
Reliance Retail Ventures Ltd (RRVL) has picked a minority stake in UK-based FACEGYM for an undisclosed sum and will launch the facial fitness and skincare brand in India, a statement said on Thursday. The company said this investment is part of its expansion in the high-growth beauty and wellness space. "Through this partnership, Reliance Retail's Tira will spearhead FACEGYM's India foray - leading its local operations and market development, bringing the brand's innovative concept to the Indian consumer," a joint statement said. Reliance will establish and scale FACEGYM's presence in India over the next five years, through a mix of standalone studios and curated spaces within select Tira stores across key cities, it said. Tira is an omnichannel beauty retail platform owned by Reliance Retail. Live Events "This expansion will leverage Reliance's robust retail ecosystem, market expertise, and deep consumer insights to introduce and scale FACEGYM's unique offering in a rapidly growing beauty space," it said. Founded by beauty and wellness entrepreneur Inge Theron , FACEGYM has pioneered a transformative approach to skincare by combining non-invasive facial workouts with advanced skincare formulations. "The partnership reinforces Reliance Retail's broader strategy to scale its presence in the beauty and personal care vertical, anchored by Tira," it said. Bhakti Modi, Co-founder & CEO of Tira, said: "FACEGYM sits at the unique intersection of beauty, wellness, and fitness - creating a category of its own. This aligns perfectly with the discerning beauty consumer in India who is experience-oriented, and increasingly drawn to science-backed, innovative concepts." Angelo Castello , CEO of FACEGYM, said, "With our current strategic partnerships, we are in a powerful position to turn FACEGYM into one of the only beauty services. This partnership with a leading conglomerate like Reliance will serve as a catalyst for our global expansion by establishing our presence in the dynamic Indian market." RRVL, through its subsidiaries and affiliates, operates an integrated omni-channel network of 19,340 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle and pharma consumption baskets. RRVL had reported a consolidated turnover of Rs 3.30 lakh crore for the year ended March 31, 2025.
