The Jio World Plaza, anticipated to debut this year according to an industry insider, is situated within Mumbai's bustling business district, nestled within Reliance's remarkable $1 billion business and cultural complex. Even though people have asked them many times, Reliance, Burberry, LVMH, Kering, and Richemont have not shared any comments about this. Anuj Kejriwal, who is the CEO of Anarock Retail in India, talked to a media company and said that luxury brands in India have always had trouble finding good places to open their stores. But now, these brands want to have bigger stores in exclusive luxury placesLouis Vuitton's Jio World Plaza store will be India's largest at nearly 700 square meters across its four outlets. To maintain the mall's luxury status, Dior's lease includes a clause for a 25% rent reduction if four out of ten luxury brands, like Gucci, Cartier, Bulgari, and Tiffany, don't open stores in the mall within six months.

Source: dna September 21, 2023 12:09 UTC