Latest news with #Facegym
Fashion Network
12 hours ago
- Business
- Fashion Network
Reliance Retail invests in UK's Facegym, takes brand to India
India's Reliance Retail said Thursday that it has strengthened its presence in beauty with a 'strategic minority investment' in UK business Facegym, which it called 'a global innovator' in facial fitness and skincare. It means it will be bringing Facegym's 'signature facial workouts' to India through standalone studios and via select stores in Reliance's Tira chain. The investment has been made through Reliance Retail Ventures Limited (RRVL) and we're told it 'marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space'. Facegym was founded by beauty and wellness entrepreneur Inge Theron and combines 'non-invasive facial workouts with advanced skincare formulations'. Its first studio opened in 2014 as a concession in Selfridges. Since then, it has opened locations in key cities including London, New York and Los Angeles. Reliance talked of its 'cult following across several global markets' and the recognition it has gained for 'creating a new category at the intersection of beauty, wellness, and fitness'. As mentioned, the Indian giant's Tira stores will spearhead Facegym's foray there, 'leading its local operations and market development'. Boosting its beauty and personal care business, anchored by Tira, is a key part of Reliance's strategy with Tira being 'India's fastest-growing omnichannel beauty destination'. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said: '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.' And FaceGym CEO Angelo Castello added that '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. 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'.
Fashion Network
20 hours ago
- Business
- Fashion Network
Reliance Retail invests in UK's Facegym, takes brand to India
India's Reliance Retail said Thursday that it has strengthened its presence in beauty with a 'strategic minority investment' in UK business Facegym, which it called 'a global innovator' in facial fitness and skincare. It means it will be bringing Facegym's 'signature facial workouts' to India through standalone studios and via select stores in Reliance's Tira chain. The investment has been made through Reliance Retail Ventures Limited (RRVL) and we're told it 'marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space'. Facegym was founded by beauty and wellness entrepreneur Inge Theron and combines 'non-invasive facial workouts with advanced skincare formulations'. Its first studio opened in 2014 as a concession in Selfridges. Since then, it has opened locations in key cities including London, New York and Los Angeles. Reliance talked of its 'cult following across several global markets' and the recognition it has gained for 'creating a new category at the intersection of beauty, wellness, and fitness'. As mentioned, the Indian giant's Tira stores will spearhead Facegym's foray there, 'leading its local operations and market development'. Boosting its beauty and personal care business, anchored by Tira, is a key part of Reliance's strategy with Tira being 'India's fastest-growing omnichannel beauty destination'. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said: '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.' And FaceGym CEO Angelo Castello added that '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. 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'.
Fashion Network
21 hours ago
- Business
- Fashion Network
Reliance Retail invests in UK's Facegym, takes brand to India
India's Reliance Retail said Thursday that it has strengthened its presence in beauty with a 'strategic minority investment' in UK business Facegym, which it called 'a global innovator' in facial fitness and skincare. It means it will be bringing Facegym's 'signature facial workouts' to India through standalone studios and via select stores in Reliance's Tira chain. The investment has been made through Reliance Retail Ventures Limited (RRVL) and we're told it 'marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space'. Facegym was founded by beauty and wellness entrepreneur Inge Theron and combines 'non-invasive facial workouts with advanced skincare formulations'. Its first studio opened in 2014 as a concession in Selfridges. Since then, it has opened locations in key cities including London, New York and Los Angeles. Reliance talked of its 'cult following across several global markets' and the recognition it has gained for 'creating a new category at the intersection of beauty, wellness, and fitness'. As mentioned, the Indian giant's Tira stores will spearhead Facegym's foray there, 'leading its local operations and market development'. Boosting its beauty and personal care business, anchored by Tira, is a key part of Reliance's strategy with Tira being 'India's fastest-growing omnichannel beauty destination'. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said: '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.' And FaceGym CEO Angelo Castello added that '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. 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'.
Fashion Network
a day ago
- Business
- Fashion Network
Reliance Retail invests in UK's Facegym, takes brand to India
India's Reliance Retail said Thursday that it has strengthened its presence in beauty with a 'strategic minority investment' in UK business Facegym, which it called 'a global innovator' in facial fitness and skincare. It means it will be bringing Facegym's 'signature facial workouts' to India through standalone studios and via select stores in Reliance's Tira chain. The investment has been made through Reliance Retail Ventures Limited (RRVL) and we're told it 'marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space'. Facegym was founded by beauty and wellness entrepreneur Inge Theron and combines 'non-invasive facial workouts with advanced skincare formulations'. Its first studio opened in 2014 as a concession in Selfridges. Since then, it has opened locations in key cities including London, New York and Los Angeles. Reliance talked of its 'cult following across several global markets' and the recognition it has gained for 'creating a new category at the intersection of beauty, wellness, and fitness'. As mentioned, the Indian giant's Tira stores will spearhead Facegym's foray there, 'leading its local operations and market development'. Boosting its beauty and personal care business, anchored by Tira, is a key part of Reliance's strategy with Tira being 'India's fastest-growing omnichannel beauty destination'. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said: '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.' And FaceGym CEO Angelo Castello added that '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. 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'.
Time of India
a day ago
- Business
- Time of India
Reliance Retail acquires minority stake in UK-based FACEGYM
Reliance Retail Ventures Ltd (RRVL), the holding company for all retail businesses of Reliance Industries, has made a 'strategic minority investment" in UK-based Facegym which is into facial fitness and skincare, as the Mukesh Ambani-owned venture expands presence in the high-growth beauty and wellness space. The company said in a media release that Reliance Retail will launch the Facegym brand in India through standalone stores and designated spaces inside select Tira stores over the next five years. Tira is the beauty retail format of the group. Bhakti Modi, co-founder & CEO of Tira, said FACEGYM sits at the unique intersection of 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,' she said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo Reliance Retail currently sells international beauty brands and operates stores like Sephora, Huda and Laura Mercier amongst others. Facegym was founded in 2014 in London as a concept which combines skin care and facial exercises together. The brand is currently present in Manchester, New York, Los Angeles and Sydney. Indian is amongst the fastest growing beauty markets in the world with the market size being over $20 billion in 2023 and expected to grow at a CAGR of 11% between 2023-2028 to reach $34 billion. This growth is expected to be driven by skin care. Skin is expected to contribute 13% of the total market size. Live Events
