Joint Venture10 Sept 2024, 10:02 pm
Reliance Retail and Delta Galil Announce Strategic Partnership in India
AI Summary
Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Ltd., and Delta Galil Industries, Ltd. have formed a 50/50 joint venture to establish an apparel innovation platform dedicated to the Indian market. The partnership aims to redefine the apparel landscape in India, with Delta Galil expanding its presence and offering its portfolio of intimate apparel and activewear brands across retail, wholesale, and digital channels. The joint venture will design and manufacture products for Reliance’s own brands, leveraging Delta Galil’s product design, innovation, and manufacturing prowess, and Reliance Retail’s extensive retail network and distribution reach.
Key Highlights
- Reliance Retail Ventures and Delta Galil have formed a strategic partnership through a 50/50 joint venture.
- The partnership aims to establish an apparel innovation platform focused on the Indian market.
- Delta Galil will expand its presence in India and offer its intimate apparel and activewear brands across various channels.
- The joint venture will design and manufacture products for Reliance’s own well-established brands.
- The collaboration is expected to accelerate the growth of intimate apparel and activewear categories in India.