Reliance Retail picks up minority stake in U.Ok.’s FACEGYM

Reliance Retail Ventures Ltd. (RRVL) has introduced a minority funding in U.Ok.-based FACEGYM, which is into facial health and skincare, for an unspecified quantity. The agency approaches skincare by combining non-invasive facial exercises with superior skincare formulations. 

By this funding, Reliance Retail’s Tira will spearhead FACEGYM’s India foray – main its native operations and market growth, bringing the model’s idea to Indian shoppers. Reliance mentioned it’ll set up and scale FACEGYM’s presence in India over the subsequent 5 years, via a mixture of standalone studios and curated areas inside choose Tira shops throughout key cities.

Bhakti Modi, co-founder & CEO of Tira, mentioned, “FACEGYM sits on the distinctive intersection of magnificence, wellness, and health – making a class of its personal. This aligns completely with magnificence client in India.”

Angelo Castello, CEO of FACEGYM, mentioned, “With our present strategic partnerships, we’re in a strong place to show FACEGYM into one of many solely magnificence companies that exists with this measurement of worldwide footprint –  launching in new markets, and sculpting extra individuals than ever earlier than with our distinctive strategy to facial health and pores and skin well being.”