Fri. Mar 29th, 2024
Valentino India

Reliance Brands, a subsidiary owned by Reliance Industries Limited, has signed a deal with Italian brand Valentino to sell its products in India. Reliance Brands has already signed deals with various other international brands to manage their product base and portfolios in India.

According to a few sources closer to the development, Reliance Brands and Valentino are currently in the process of figuring out the terms of the deal. Any financial details have not yet been discussed.

Valentino is an Italy based brand, which is known for its grand dresses, wedding gowns and footwear. It is said to be reportedly in talks with a few companies in India to establish its presence, however, this is the first time we have heard about it clicking a deal. It has been in talks with DLF Luxury Retail and IDFS Tradings as well. Reliance Brands already has a few high-profile brands to retail in India, which include Brooks Brothers, Ermenegildo Zegna and Bally.

Over the past one year, a number of international luxury brands, including Coach, H Moser & Cie, Isaia, Kate Spade New York have started retailing in India. Also, a few more are expected to make their India debut in the coming months.

By Prithviraj Singh Chauhan

Part time journalist, full-time observer. Editor-in-Chief at The Indian Wire. I cover updates related to business and startups.