Reliance to launch Balenciaga in India
Indian retailer Reliance Brands is to launch Spanish fashion label Balenciaga in India.
The move comes shortly after Reliance signed a deal to bring US luxury jewellery brand Tiffany and Co to India last July, with the first store opening last month in New Delhi.
The first Balenciaga in India store will open in the Jio World Centre mall in Mumbai.
Reliance now holds a portfolio of more than 45 international luxury and premium brands.It operates more than 682 stores.
Balenciaga is a Basque heritage label that was acquired by Kering nearly 20 years ago. It sells in several locations in Asia, including Hong Kong, Indonesia, and Mainland China. It achieved US$15 billion in sales in 2018.