By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Report: Billionaire Mukesh Ambani’s Reliance to Launch Shein in India with Plans for IPO
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle
L’Oréal Paris Celebrates the Groundbreaking Launch of MELASYL at the Iconic Museum of the Future
Lifestyle
TOD Partners with Skyworth’s QVWi to Launch 4K Streaming Set-Top Box in MENA
Gulf Sports
Double victory at Red Dot: Eczacıbaşı Tiles Group’s VitrA and Villeroy & Boch brands recognised for their design excellence
Lifestyle
Your Next Destination in Dubai: Mövenpick Hotel Apartments Downtown Dubai – The Perfect Choice for Your Stay
Gulf UAE
Nexus Developer Announces the Launch of ‘Estrella’ to Set New Standards in Boutique Luxury Living in Majan, Dubai
Gulf UAE
Moscow City Tourism Committee Brings ‘Moscow Tea Time’ to Dubai with 15 Cultural Venues
Gulf UAE
Wassim Elassaad Inspires Innovation at Gratuso and Waz & Co-Management Consultancy
Gulf UAE
RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain
Business Crypto
The Central Bank of the UAE Awards Tap Payments a Full Payment Services License
Gulf UAE
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Report: Billionaire Mukesh Ambani’s Reliance to Launch Shein in India with Plans for IPO
Business

Report: Billionaire Mukesh Ambani’s Reliance to Launch Shein in India with Plans for IPO

News Room
Last updated: 2024/07/04 at 5:22 AM
News Room
Share
4 Min Read
SHARE

Reliance Retail Ventures, owned by Indian billionaire Mukesh Ambani, is set to launch Chinese fast fashion label Shein in the coming weeks. The products will be sold on Reliance’s app and brick-and-mortar stores, according to a report by The Economic Times. The partnership between the two companies was formed last year, and former Meta director Manish Chopra is expected to head Shein’s operations in India. This move is part of Reliance Retail’s strategy to bring international brands to the Indian market, following deals with brands like Tiffany & Co and ASOS.

Despite being banned in India four years ago as part of a crackdown on Chinese applications, Shein is now making a comeback through its partnership with Reliance Retail. The India operations will be managed by a company fully owned by Reliance, with Shein receiving a license fee as a share of the profits. All sensitive data will be stored in India, and Shein will have no access to or control over it. Once launched, Shein will directly compete with online shopping site Myntra, backed by Walmart, and the Westside brand of Tata-owned Trent in India’s $10 billion fast fashion market.

Reliance’s decision to launch Shein in India comes at a time when the country’s retail sector is witnessing a boom in fast fashion consumption. With the rise of e-commerce platforms and changing consumer preferences, players in the sector are looking to tap into this growing market. By leveraging Shein’s popularity and Reliance’s strong retail network, the partnership aims to capture a significant share of the market. This move also signifies the increasing interest of international brands in the Indian retail landscape, as they see the country as a lucrative market with a large consumer base.

The announcement of Shein’s launch in India has generated excitement among fashion enthusiasts and industry experts, who see it as a game-changer in the fast fashion segment. The collaboration between a Chinese brand and an Indian conglomerate highlights the potential for cross-border partnerships in the retail sector. As Shein re-enters the Indian market, it will bring its trendy and affordable products to a wide audience, further fueling the demand for fast fashion in the country. With Reliance’s backing, Shein is poised to make a strong comeback and establish a strong presence in the competitive Indian market.

In conclusion, the partnership between Reliance Retail Ventures and Shein underscores the evolving dynamics of the Indian retail sector, with a focus on fast fashion. The entry of Shein into the Indian market is expected to shake up the industry and offer consumers more choices in trendy and affordable apparel. With Reliance’s strong network and Shein’s popular offerings, the collaboration is poised to reshape the fast fashion landscape in India. As international brands continue to eye the Indian market, partnerships like this one reflect the growing opportunities and potential for growth in the country’s retail sector. Shein’s comeback in India is a testament to the resilience and adaptability of brands in navigating complex market conditions and finding innovative ways to reach consumers.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room July 4, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Excitement builds as Dubai residents eagerly await new metro station expansion plans
Next Article India’s Coal production increases by 35% in the first quarter of the current financial year
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle May 5, 2025
L’Oréal Paris Celebrates the Groundbreaking Launch of MELASYL at the Iconic Museum of the Future
Lifestyle May 5, 2025
TOD Partners with Skyworth’s QVWi to Launch 4K Streaming Set-Top Box in MENA
Gulf Sports May 1, 2025
Double victory at Red Dot: Eczacıbaşı Tiles Group’s VitrA and Villeroy & Boch brands recognised for their design excellence
Lifestyle April 29, 2025

You Might also Like

BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
Business

NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership

March 28, 2025

Sustainable Moving Services: How Dubai’s Moving Companies Are Going Green

February 20, 2025
Tech

CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

February 14, 2025
Business

Smpl Fund I Invests $250,000 in Qora71, Supporting AI and Tech Entrepreneurs in MENA

February 4, 2025
BusinessCrypto

Forbes Lists Bitget Amongst The World’s Most Trustworthy Crypto Exchanges

February 1, 2025
BusinessMarkets

A Look Back at a Record-Breaking iFX EXPO Dubai 2025

February 1, 2025
BusinessCrypto

Bitget Leverages AI Algorithms for Token Listing with the Launch of Bitget Seed

January 27, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?