Akash Ambani-Isha met Tim Cook, 'Apple' will pay 42 lacks per month in rent for a retail store

According to the report, the apple company will pay a rent of Rs 42 lakh every month to the Ambani family. Meanwhile, the company's CEO Tim Cook has been spotted outside 'Antilia' along with akash Ambani and Isha Ambani.

Ambani is not only taking india to the global platform but is also taking steps to bring world-famous brands to the nation. Once again we have news of veteran businessman Mukesh Ambani playing an important role in expanding the presence of apple company in India. Yes! you read that right The wait is finally over and now apple products will soon be sold in India's first retail store at 'Reliance jio World Drive Mall' in Mumbai. apple CEO Tim Cook was seen outside Ambani's residence 'Antilia' ahead of the launch of the store.

Akash Ambani sending off Tim Cook - Isha Ambani

On 17 april 2023, akash Ambani and Isha Ambani were spotted outside their house 'Antilia'. The brother-sister duo was seen seeing off apple CEO Tim Cook as he arrived in Antilia ahead of the launch of the brand's first retail store in india at 'Jio World'. The launch event will reportedly take place on 18 april 2023.

Akash Ambani and Isha Ambani carrying forward their legacy. Ambani has already made a name for himself in the business world. In photographs that surdata-faced on the internet, akash and Isha were seen talking to Tim Cook and Manoj Modi and other officials present there. It seemed that the concerned people including the Ambani family were quite excited about the store launch. apple will pay Rs 42 lakh per month in rent to Ambani's mall. According to reports, after a long wait, Apple's first retail store in india will open at an Ambani-owned mall in Mumbai. For the same, apple has signed an 11-year deal with Ambani for a space of about 20,800 square feet. The minimum monthly rent for the store area is around Rs.42 lakhs. Thereafter, the rent will increase by 15 percent every three years. Along with this, apple will have to pay a 2 percent revenue contribution for the first three years and 2.5 percent after the first three years.

Details about the apple Store launch in India

Apple's 11-year deal with the Ambani-owned mall in mumbai is a strict barricade against all its rivals. The tech giant has leased an 'exclusive zone' in the mall that will bar 22 competing brands, including Facebook, LG, Microsoft, Amazon, Google, Sony, and others, from taking up space or displaying any advertisements. For now, we are excited to see more glimpses of Apple's store launch at 'Reliance jio World Drive Mall