Latest news with #IngeTheron
Time of India
12 hours ago
- Business
- Time of India
Reliance brings UK's FaceGym to India with stake buy
MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. Over five years, Reliance will establish FaceGym's presence in India through a combination of standalone studios and curated spaces within select Tira stores. Reliance Retail Ventures, which houses grocery, consumer electronics, pharma, and fashion outlets, made an operating profit of Rs 25,053 crore on a turnover of Rs 3.3 lakh crore during FY25. "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," said Tira co-founder Bhakti Modi. Bhakti is the daughter of Manoj Modi, a confidant of RIL chairman Mukesh Ambani . Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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'.
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Business Standard
21 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.'
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'.
