Tiffany to Launch in India This Year

RAPAPORT... Tiffany & Co. will open its doors in India in an effort to capitalize on its already strong image and brand awarenessin the country, the company said Wednesday. The luxury jeweler will partner with Reliance BrandsLimited, which is part of the Reliance Industries conglomerate owned by Mukesh Ambani, recentlyranked by Forbes as the richest man in Asia. Tiffany will open stores in Delhi during the second half of the year, and further locations inMumbai in the second half of 2020. "As a global luxury jeweler with stores in many of theworld's most important cities, Tiffany's emergence in these Indian commercecenters with their growing luxury consumer base presents a unique opportunity,"said Philippe Galti?(C), Tiffany's executive vice president of global sales. Reliance, which helps launch and build international brandsin the luxury sector, has already introduced Armani, Hugo Boss, Brooks Brothersand other brands to the Indian market. "Tiffany needs no introduction in India -it is iconic and timeless," said Darshan Mehta, president and CEO of RelianceBrands. Image: Tiffany jewelry and accessories. (Pixabay)