Gucci, Cartier and Louis Vuitton are among brands to sign leases for stores in Indian tycoon Mukesh Ambani’s new Mumbai mall, as luxury firms and Reliance Industries seek to profit from strong economic growth and a rapid rise in the number of millionaires.
The Jio World Plaza, which an industry source said is likely to open this year, is located inside Reliance’s $1 billion business and cultural hub in Mumbai’s business district.
Reliance…