- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Mukesh Ambani is earning this much in rent from luxury fashion brands at Jio World Plaza
Mukesh Ambani's daughter Isha Ambani led Reliance Retail, in 2022, signed a long-term franchise agreement with Balenciaga to introduce the brand to India. This is Balenciaga's first store in India at the Jio World Plaza.
Updated : Nov 28, 2023, 02:27 PM IST | Edited by : Riddhima Kanetkar
 "Mukesh Ambani is earning this much in rent from luxury fashion brands at Jio World Plaza")
TRENDING NOW
)
Meet IAS officer, aka 'Collector Bro', who cracked UPSC exam in 2007, now suspended due to...
)
After Sushmita Sen declares she is single, Rohman Shawl's statement goes viral: 'Voh to 6 saal se...'
)
Meet star with no hit films, still earns Rs 5 lakh a month, is more famous than Aishwarya, Amitabh, Kareena, Ram Charan
)
Pakistani TikTok star Minahil Malik's dance video goes viral amid MMS leak controversy, watch
)
Badshah lands in legal trouble, case registered against rapper for...
)
'Der ho gayi...': Amitabh Bachchan posts cryptic tweet amid Abhishek Bachchan and Aishwarya Rai's divorce rumours
)
Kanguva box office collection day 1: Suriya, Bobby Deol film fails to beat Indian 2, Vettaiyan; earns Rs...
)
Shah Rukh Khan, Aamir Khan refused to work with Aishwarya Rai in this film, it became blockbuster, won 4 National Awards
)
'I haven't liked...': Abhishek Bachchan's statement on Aishwarya Rai's cooking goes viral amid divorce rumours
)
Meet actress who worked as sweeper, did superhit film with Shah Rukh, took up acting after Madhuri Dixit..., earns Rs..
)
Anushka Sharma laughs hard on Ranbir Kapoor's cringe 'sher' in viral video but gets annoyed after he...
)
Internet fuming over BIZZARE fan reaction in Diljit Dosanjh concert, netizens say, 'better if asteroid hit earth'
)
Shillong Teer Results November 15, 2024: Check updates on winning numbers
)
Meet Imsha Rehman, Pakistani TikTok star who deactivated her accounts after video leak and Minahil Malik's MMS
)
7 times XXX, Gandii Baat actress Aabha Paul crashed the internet by flaunting her sexy curves
Mukesh Ambani is the richest man in India and one of the wealthiest men in the world with a net worth of a whopping $92 billion (approximately Rs 7.6 lakh crore). Mukesh Ambani, Chairman and MD of Reliance Industries, is always looking to expand his business and he did it recently again, with the launch of Jio World Plaza, lauded as India’s largest luxury mall.
Jio World Plaza is a part of Jio World Centre at BKC in Mumbai which houses leading fashion brands like Louis Vuitton, Balenciaga, and Dior who have leased a space for their stores. Today, we will tell you how much rent these luxury fashion brands pay per month for a space in the Jio World Plaza.
Louis Vuitton is a French luxury fashion house and in the Jio World Plaza, it recently launched its fourth store in India. According to reports in the media, Louis Vuitton is paying a towering Rs 40.50 lakh as monthly rent, having leased four units totaling 7,365 sq ft. This is reportedly Louis Vuitton's biggest store in India.
Another LVMH Moët Hennessy Louis Vuitton (LVMH) brand which has a store in Jio World Plaza is Dior. Reports state that Dior has leased two units of 3,317 sq ft for a monthly rent of Rs 21.56 lakh. This is Dior's third store in India.
Mukesh Ambani's daughter Isha Ambani led Reliance Retail, in 2022, signed a long-term franchise agreement with Balenciaga to introduce the brand to India. This is Balenciaga's first store in India at the Jio World Plaza. Reports state that Balenciaga is paying a monthly rent similar to Louis Vuitton, a staggering Rs 40 lakh to lease a store in Mukesh Ambani’s luxury mall.
Other leading luxury brands with stores at the Jio World Plaza include Burberry, Gucci, Cartier (second store in India), Bulgari, IWC Schaffhausen, and Rimowa (first store in India), among others.
Reports state that apart from the monthly rent, these leading luxury brands also have to share 4% to 12% of their monthly net revenue with Reliance.
READ | Meet woman who is leading India's top lingerie brand owned by Mukesh Ambani
