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<a href="http://www.businessinsider.in/searchresult.cms?query=Preity+Zinta%E2%80%99&amp;sortorder=effectivedate">Preity Zinta’s</a> wedding to <a href="http://www.businessinsider.in/searchresult.cms?query=gene+goodenough&amp;sortorder=effectivedate">Gene Goodenough</a> earlier this year was definitely one of <keyword id="143" type="CITY" weightage="100" keywordseo="Bollywood">Bollywood</keyword>’s well-kept secrets, the news of which we only came to know once the actress started receiving congratulatory messages from her B-town friends. 
 
Incase you felt left out just like the rest of us, now you can heave a sigh of relief, as the world just got a look at how the actress looked on her wedding day. 
 <keyword id="8145" type="PERSON" weightage="100" keywordseo="Preity-zinta">Preity Zinta</keyword> and husband <keyword id="3154347" type="UNKNOWN" weightage="100" keywordseo="Gene-Goodenough">Gene Goodenough</keyword>’s wedding pictures are doing the rounds of social media and to put it simply- the duo look made for each other while Zinta looks absolutely stunning. 
 
For her D-day, she had donned a red <a href="http://www.businessinsider.in/searchresult.cms?query=manish+malhotra&amp;sortorder=effectivedate">Manish Malhotra</a> lehenga choli while her beau looked every bit of an Indian groom dressed in a sherwani designed by <keyword id="14194" type="PERSON" weightage="100" keywordseo="Raghavendra-Rathore">Raghavendra Rathore</keyword>. 
 
Have a look at the pictures- 
 
Here's the happy bride: 
 
 
 
The perfect wedding potrait:

Preity Zinta looks gorgeous in her wedding pictures with husband Gene Goodenough

<ul><li>RIL’s subsidiary <keyword id="58448" type="General" weightage="20" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> has invested in over seven private labels and formed two private labels in the last two years.</li><li>It also sells 50 high-end international brands like Steve Madden, Jimmy choo and Armani in India.</li><li>According to a report by Forrester Research, India is home to 8.6 million luxury brands consumers.</li></ul><keyword id="10926" type="General" weightage="20" keywordseo="reliance" source="Orion">Reliance</keyword> Industries (RIL) Chairman <keyword id="3820" type="General" weightage="20" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>, who has a net worth of over $95 billion, has been on a shopping spree for private fashion labels and brands for a year now. The strategy, which started off with selling international brands in India, has now evolved into acquiring Indian brands and scale them further. RIL’s subsidiary Reliance Retail has invested in over seven private labels and formed at least two private labels in the last two years alone to strengthen the line of lifestyle brands under one umbrella. This is in addition to the 50 high-end international brands — like Steve Madden, Jimmy choo, SuperDry, Diesel, Gas, Armani, Burberry, Hugo Boss and others — that the company is selling in India under <keyword id="74639" type="General" weightage="20" keywordseo="reliance-brands" source="Orion">Reliance Brands</keyword> Limited (RBL) banner. RBL, which is a brand licensing arm, operates 680 stores and 916 shop-in-shop in India. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nature of the deal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Clovia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance acquired 89% stake in lingerie brand company for ₹950 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Abraham &amp; Thakore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance bought an undisclosed majority stake in fashion label Abraham &amp; Thakore. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rahul Mishra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Retail formed a 60:40 joint venture with fashion label Rahul Mishra. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amante </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance acquired lingerie brand Amante from Sri Lanka-based MAS holdings. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zivame </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance acquired lingerie brand Zivame last year for an undisclosed amount. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anamika Khanna </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Retail formed a 60:40 joint venture with fashion label Anamika Khanna. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ritu Kumar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance acquired 52% stake in Ritu Kumar. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manish Malhotra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RBL acquired a 40% stake in Manish Malhotra’s luxury fashion label. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">John Player </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance bought John Players from ITC in 2019 for an undisclosed amount. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2019 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Raghavendra Rathore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">In 2018, Reliance bought 12.5% stake in the company set up by Raghavendra Rathore. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2018 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Satya Paul </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance acquired 16.3% stake in Satya Paul’s parent company for ₹34.8 crore. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2018 </td></tr></tbody></table>Source: Reliance Retail's announcements Apart from the three lingerie brands, all the other brands that Reliance has invested in are luxury brands. What has compelled Reliance to go after owning Indian brands? “Reliance is utilising its current infrastructure and team under Reliance Retail to increase wallet share from customers by acquiring brands, which are well established. Their core business isn't centered around launching their own labels but managing retail (offline and online) for brands that they partner with,” Neha Khanna, director at management consultancy firm ValPro, told Business Insider. She further noted that the acquisition directly adds to their revenue without much associated operating expenditure. Madhur Singhal, managing partner and chief executive officer (CEO) of Praxis Global Alliance, explained that there are three main advantages to following such a strategy for any business. First, the new age consumers are more experimental and their purchasing behaviour has a huge impact on the development of new business strategies. Second, such a strategy is even more helpful when running an ecommerce business as the brand is able to meet the needs of a digital consumer who is willing to try new-age brands. Third, when a brand undertakes a ‘house of brands’ strategy, it is able to scale each of these brands to the extent, which they would have otherwise not achieved while growing individually. “If all small brands are consolidated under the house of brands then they get the right scaling economies to grow in terms of advertising, sales, etc. It also gives economies of scope as it increases the potential of cross-selling products and services,” he added. A report by Fortune India citing sources <a href="https://www.fortuneindia.com/enterprise/reliance-retail-acquisition-spree-aims-to-make-it-walmart-amazon/107308">noted</a> that Reliance Industries is trying to be a ‘Walmart Plus Amazon’ with its recent spree of acquisition across sub sections of the retail industries. According to a report by Forrester Research, India is home to 8.6 million luxury brands consumers. Reliance Retail’s rival Aditya Birla Fashion and Retail Limited (ABFRL) has been trying to go after this segment by acquiring stakes in brands like Sabyasachi, Tarun Tahiliani, Shantanu &amp; Nikhil, among others. According to market and consumer data site Statista, revenue in the Indian luxury goods market amounts to $6.6 billion in 2022. “Even in a pandemic, the shares of luxury brands such as LVMH and Hermes have doubled. This showcases how resilient the luxury can be and how spending continues in this segment. With rising disposable incomes and a well-travelled and younger customer demographic in India, Reliance and Aditya Birla understand the importance of making luxury brands more accessible,” Khanna said, adding that these brands are trying to tap into [the] Indian consumer’s spending capacity. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-outshines-benchmark-index-shares-rise-14-in-1-month/articleshow/90438954.cms" data-type="tilCustomLink" style="">Reliance Industries outshines benchmark index, shares rise 14% in 1 month</a> <a class="tout-title-link" href="https://www.businessinsider.in/business/startups/news/ola-is-going-to-acquire-ceo-bhavish-aggarwals-brothers-firm-avail-finance/articleshow/90433830.cms" style="">Ola is going to acquire CEO Bhavish Aggarwal’s brother’s firm Avail Finance</a> <a href="https://www.businessinsider.in/stock-market/news/tata-consumer-products-axis-bank-mm-and-other-top-stocks-to-watch-out-on-march-25/slidelist/90432431.cms" style="">Tata Consumer Products, Axis Bank, M&amp;M and other top stocks to watch out on March 25</a>

Here’s why Asia’s richest man Mukesh Ambani is on a shopping spree for private fashion labels

<ul><li>Reliance’s consumer business saw a massive growth despite a <keyword id="7603543" type="UNKNOWN" weightage="20" keywordseo="consumption-slowdown">consumption slowdown</keyword> in the country. </li><li>In the last quarter, Reliance opened 456 stores while we also added 1 million sq ft of retail space.</li><li>The total number of <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword> outlets is now at over 11,300, up 14% in the last one year. </li></ul>Reliance Retail posted robust EBITDA of 62% year-on-year jump for the third quarter of FY20. In the last 9 months of the current financial year, the retail business profits are higher than the full 12 months of the previous financial year. All this amidst a sharp slowdown in consumption in the country. In the last quarter, Reliance Retail saw over 176 million customers walk into the stores with 117 million registered customers, growing at 42.6% over the same period last year, according to Chief Financial Officer (CFO) Alok Agarwal. This, at a time, when the Reserve Bank of India survey showed that consumer confidence is at <a href="https://www.businessinsider.in/careers/news/rbi-consumer-confidence-index-dropped-to-85-7-in-november-due-to-declining-employment-and-income-outlook/articleshow/72380961.cms">its worst in six years</a>. You name ‘em, he’s got ‘em Reliance Retail includes everything from large department stores to Reliance Digital, which sells electronics and gadgets, to apparel stores under the Reliance Trends banner to standalone outlets of Diesel, Hamleys, Bally Kenneth Cole, Thomas Pink, Brooks Brothers, Super Dry and Steve Madden in India. The consumer businesses— Reliance Jio and Reliance Retail ⁠— now <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-reliance-industries-q3-earnings-revenue-profit-and-share-price/articleshow/73331424.cms?src=hp_ts">make for 37% of the conglomerate’s total EBITDA</a> compared to less than 1% five years ago. “I am pleased with the progress of our consumer businesses which continue to establish new milestones every quarter,” Chairman <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> cheered. The secret of success This has a lot to do with the fact that the company has been on a spree adding stores across the country. The total store count is up over 14% in the last one year, adding up to over 11,300 outlets now. That has led to sharp rise in sales as well as profit. In the last three months, Ambani added 1 million square feet of store area. The retail segment also employs over 1,25,000 people. 
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 The retail segment of Reliance industries saw its earnings before interest, tax, depreciation, and amortisation (EBITDA) grow over one and half times to ₹2,727 crore compared to the same period last year. “Retail is our hyper growth business. Our consumer business grew 12%, retail business delivered 15 consecutive quarters of revenue and EBITDA growth and 7 quarters of margin profit,” Agarwal added. The ‘future’ of Reliance Brands Reliance Brands, a subsidiary of the retail unit, increased its equity shareholding in Future101 by 2.5% for a consideration of ₹2 crore, taking its total stake in Future101 to 17.5%. Future 101 is the parent of luxury designer Raghavendra Rathore’s label, which Reliance Industries first bought a stake in 2018. See Also: <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-reliance-industries-q3-earnings-revenue-profit-and-share-price/articleshow/73331424.cms?src=hp_ts">Reliance Jio and Reliance Retail boost earnings for Mukesh Ambani-owned RIL</a>

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Preity Zinta looks gorgeous in her wedding pictures with husband Gene Goodenough

Poulomi Das

Here’s why Asia’s richest man Mukesh Ambani is on a shopping spree for private fashion labels

Kritti Bhalla

Consumption slowdown? Reliance Retail posts a 62% jump in pre-tax profits

Sanchita Dash

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