Please find attached a media release by Reliance Retail Ventures Limited, a subsidiary of the Company, titled RELIANCE RETAIL STRENGTHENS BEAUTY PLAY WITH STRATEGIC INVESTMENT IN UK-BASED FACEGYM .
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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has made a strategic minority investment in UK-based FACEGYM, a global facial fitness and skincare brand founded by Inge Theron. FACEGYM is known for combining non-invasive facial workouts with advanced skincare, with existing studios in London, New York, and Los Angeles. Through this partnership, Reliance's beauty platform Tira will lead FACEGYM's India entry over the next five years, via standalone studios and curated spaces inside select Tira stores in key cities. This move strengthens Reliance Retail's beauty and personal care vertical, sitting alongside Tira and its portfolio of first brands like Akind, Dream, Immerse Play, and Nails Our Way.
This investment reinforces Reliance Retail's dominance in India's beauty retail space and gives shareholders exposure to the fast-growing premium beauty and wellness segment. While financial details of the deal were not disclosed, the partnership supports long-term growth in RRVL's high-margin beauty vertical without significant capital risk given it is a minority stake.