Reliance Retail invests in UK-based Facegym to bring facial fitness studios to India
Reliance Retail Ventures Limited (RRVL) has announced a strategic minority investment in UK-based Facegym, marking another major step in its expansion in the fast-growing beauty and wellness space.
Founded by beauty entrepreneur Inge Theron, Facegym has pioneered a unique approach to skincare, blending non-invasive facial workouts with advanced skincare products. The brand, which already enjoys a cult following in London, New York, and Los Angeles, will now enter the Indian market through Reliance Retail's beauty platform Tira.
Reliance plans to establish and grow Facegym's presence in India over the next five years by opening standalone studios and dedicated spaces within select Tira stores across major cities.
'This aligns perfectly with the discerning beauty consumer in India who is experience-oriented and increasingly drawn to science-backed, innovative concepts,' said Bhakti Modi, Co-founder & CEO of Tira.
Facegym CEO Angelo Castello added: 'This partnership with Reliance will serve as a catalyst for our global expansion by establishing our presence in the dynamic Indian market.'
The investment reinforces Reliance's strategy to strengthen its position in the beauty and personal care space. Tira, Reliance's omnichannel beauty platform, already hosts an expanding portfolio of brands, including homegrown labels like Akind, Dream, Immerse Play, and Nails Our Way.
Facegym, which began in 2014 at Selfridges, is known for its signature facial workouts—massage techniques, electrical muscle stimulation (EMS), and tools designed to sculpt, lift, and boost skin health.
With this partnership, Reliance aims to introduce Facegym's innovative offerings to India's beauty-conscious and wellness-driven consumers, leveraging its vast retail footprint and market expertise.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
22 minutes ago
- Business Upturn
Dabur India shares rise nearly 2% today as Q1 update points to recovery in demand and strong brand performance
On Monday, 7th July, shares of Dabur India climbed 1.97% to trade at ₹504.85 on the NSE, up ₹9.75 from the previous close of ₹495.10. The uptick follows the FMCG company's positive business update for the quarter, highlighting a recovery in demand and strong growth across key brands and segments. During the quarter, Dabur noted a sequential recovery in the Indian FMCG sector, particularly in urban markets, which supported volume growth. Its Home and Personal Care (HPC) division is expected to perform well, driven by categories like oral care, home care, and skin care. Flagship brands such as Dabur Red Toothpaste, Odonil, Odomos, and Gulabari are expected to report strong growth alongside market share gains. In its healthcare portfolio, products including Dabur Honey, Hajmola, Dabur Honitus, and Dabur Health Juices are expected to achieve robust double-digit growth, with Dabur Honitus standing out at over 40% growth. Organised trade channels, including e-commerce, quick commerce, and modern trade, continued their growth momentum during the quarter. The international business is also projected to deliver double-digit growth in constant currency terms, led by key regions such as MENA, Turkey, Bangladesh, and the US Namaste business. However, the beverage segment faced headwinds from unseasonal rains and a short summer, limiting overall revenue growth to low single digits. Despite this, Activ Juices and Activ Coconut Water performed well with growth expected in the mid-teens, and the company plans to further develop the Activ portfolio to reduce seasonality. Dabur expressed confidence that with a refreshed strategic vision, easing inflation, favourable monsoon, and supportive government measures, revenue growth is expected to gain momentum in the coming quarters. The company reiterated its commitment to investing in brands, expanding distribution, and driving efficiencies to deliver sustainable growth. In FY25, Dabur reported consolidated revenue of ₹12,563 crore and a consolidated net profit of ₹1,768 crore. Its portfolio includes three ₹1,000 crore brands — Dabur Amla, Dabur Red Toothpaste, and Real — along with several others in the ₹500 crore and ₹100–500 crore ranges, and it reaches 8.5 million retail outlets across India. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
Business Upturn
22 minutes ago
- Business Upturn
Borosil Renewables shares rise over 2% today as German subsidiary files for bankruptcy
By Aditya Bhagchandani Published on July 7, 2025, 09:16 IST On Monday, 7th July, shares of Borosil Renewables traded higher by 2.39% at ₹509.00 on the NSE, gaining ₹11.90 during the session. The stock's rise comes despite news that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH (GMB), has filed for bankruptcy at a German insolvency court. According to the company, GMB's operations had been under strain since January this year when its furnaces were cooled down due to poor demand and weak market conditions in the European Union. GMB attributed the slump to Chinese dumping of solar panels at lower prices, which hurt the competitiveness of its products. The subsidiary had previously approached authorities in Germany for urgent measures to support the business, but no relief was provided. As a result, GMB and its step-down subsidiary — with an exposure of approximately ₹350 crore — moved to insolvency proceedings. While GMB reported a topline of ₹327 crore for FY25, contributing nearly 22% of Borosil Renewables' consolidated revenue, it continued to post losses. The company highlighted that the bankruptcy move would stop the cash loss of around ₹9 crore per month that was being incurred by GMB. Going forward, an administrator will oversee GMB's expenses and cash flows. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
22 minutes ago
- Business Upturn
Godrej Consumer Products shares jump 5% today as company forecasts strong Q1 and FY26 outlook
By Aditya Bhagchandani Published on July 7, 2025, 09:18 IST On Monday, 7th July, shares of Godrej Consumer Products Limited rose sharply by 4.99% to ₹1,252.40 on the NSE, gaining ₹59.50 during the session. The rally followed the company's positive business update and continued brokerage support. On Friday, 4th July, the FMCG major said it expects to report double-digit consolidated revenue growth in Q1 FY26, driven by high single-digit underlying volume growth (UVG). The standalone business is projected to post high single-digit value growth, supported by mid-single-digit UVG, which has shown sequential improvement and strong competitiveness. The home care segment is expected to post double-digit growth in both value and volumes, while personal care is likely to see low single-digit value growth, impacted by the soaps category. Excluding soaps, which are undergoing price-volume rebalancing, the company expects a strong quarter with double-digit UVG from the standalone portfolio. The company maintained its full-year FY26 guidance, projecting mid to high single-digit UVG for the standalone business, high single-digit consolidated revenue growth, and double-digit consolidated EBITDA growth. Standalone EBITDA margin for Q1 is expected to remain below its normative range, with improvement expected in later quarters. Internationally, the Indonesian business is facing heavy pricing pressure and is expected to show flattish UVG, while the Godrej Africa, USA, and Middle East (GAUM) business is projected to deliver strong double-digit growth in value and volumes for the second consecutive quarter. Brokerage HSBC reiterated its 'Buy' rating on GCPL with a target price of ₹1,420, suggesting an 18.5% upside from its earlier close of ₹1,198. HSBC highlighted the resilience in domestic demand and strength in the home care portfolio as key growth drivers. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
