Tiffany teams up with Reliance Industries to bring jewellery to India
08 August 2019 - 10:39
Mumbai — Iconic American jeweller Tiffany & Co is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market.
The New York-based jeweller plans to form a joint venture with a retail unit of billionaire Ambani’s Reliance Industries to open stores in Delhi and Mumbai by 2020, according to a statement. Tiffany is targeting the world’s second-biggest gold jewellery market where some consumers are moving away from traditional Indian adornments...
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