- 22 Jul 2022
- ICICIdirect Research
Reliance Brands to launch Italian brand Maison Valentino in IndiaRELIANCE - 2277 Change: 6.90 (0.30 %)
News: As per media reports, Reliance Brands Limited (RBL) has entered into a long-term distribution agreement with Valentino to bring Italian Maison de Couture to India. Under the agreement, Valentino will open its first boutique in Delhi followed by a flagship store in Mumbai. The stores will stock a range of womenswear, menswear, footwear and accessories of the brand.
Views: Reliance brands has been aggressively launching international brands in India over the last few quarters. Valentino is present at 144 global locations through 212 Valentino operated boutiques with total retail network comprising of over 1,300 points of sale. RBL’s partnership with Valentino will make the international luxury brand available to Indian customers and enhance the luxury international brands portfolio of Reliance retail and enable it to increase its presence in the fast growing lifestyle international luxury brands segment.