Reliance Brands Limited

Spurred by rapid growth in the pure luxury market, global brands operating in lower-priced segments like contemporary fashion are entering the country or accelerating expansion plans.

Reliance plans to open top-end luxury mall in Mumbai with LVMH and Kering brands set to open stores, marking retail expansion for brands in India.

Indian designers are showing in Paris and opening flagship stores in New York, London and Dubai but how many will become global luxury brands that appeal to clients beyond the diaspora?

Indian retail giant, Reliance Brands Limited (RBL) has taken a 40 percent stake in 16-year-old luxury brand Manish Malhotra for an undisclosed sum, the companies said Friday.