Isha Ambani, daughter of Reliance Group Chairman Mukesh Ambani, is poised to make a significant impact on India's beauty care sector. In a move that underscores her leadership at Reliance Retail, Isha has reportedly signed a contract worth approximately ₹100 crore to bring the renowned Italian cosmetic brand Kiko Milano to India. This strategic agreement marks a new milestone for Reliance Retail under Isha's direction.
The deal with Kiko Milano comes after months of negotiations and signals a major expansion for the brand in India. In the initial phase, Kiko Milano plans to open stores in six major cities, including Delhi, Mumbai, Pune, and Lucknow. Established in 1997, the Italian brand offers a diverse range of over 1,200 beauty and skincare products.
Since taking the helm at Reliance Retail, Isha Ambani has been instrumental in driving the company's growth. With the beauty sector being one of the fastest-growing industries in India, this deal positions Reliance Retail to compete with giants like Tata's Lakme and Nike. The introduction of Kiko Milano to the Indian market is expected to further strengthen Reliance Retail's presence in the beauty segment.
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