NEW DELHI: Reliance Brands, a subsidiary of Reliance Industries, which sells luxurious labels like Ermenegildo Zegna, Brooks Brothers, and Bally in India, is sprucing up its luxurious portfolio. After bringing iconic American jewelry brand Tiffany and Co to India, Reliance has signed up with luxurious manner dwelling Balenciaga to bring the brand to the country, folks familiar with the issue claimed.

Spanish brand Balenciaga, now owned by luxurious large Kering, has not been current in India so far. Reliance options to start the brand at its forthcoming Jio Globe Centre mall in Mumbai, resources claimed.

E-mail despatched to Reliance Brands, Kering and Balenciaga went unanswered till the time of likely to push.

Started in 1895 by Cristobal Balenciaga in the Basque location of Spain, Balenciaga was acquired by Kering in 2001. Moreover Balenciaga, other models in Kering’s portfolio involve Gucci, Saint Laurent, Bottega Veneta, Alexander Mcqueen, Ulysse Nardin, Boucheron and Brioni.

Moreover towns like Madrid, Balenciaga has merchants in Capri, Cannes, Berlin, London, and countries like Japan, Greece, Australia, Canada, Hong Kong, Indonesia, and the Chinese mainland.

ET was the initial to report in its version dated July eighteen final yr that Reliance Brands had signed a deal to bring Tiffany & Co to India.

As for each Kering’s official site, the team posted income of thirteen.seven billion Euros in 2018.

Reliance Brands is an arm of Reliance Retail. As for each its site, Reliance Retail has a portfolio of over 45 worldwide models that spans segments like luxurious, bridge to luxurious, substantial high quality and substantial avenue way of life. Reliance Retail operates over 682 merchants for these worldwide models.

In 2017, Reliance Brands created deeper inroads into luxurious by purchasing out L Catterton Asia’s 40% stake in its immediate competitor Genesis Luxury, which ET reported about in its version dated September 9, 2017.