[ad_1]
Reliance Retail has signed a franchise agreement with Gap Inc. to bring American fashion brand to India. Gap will return to India for the second time after splitting from Arvind Fashion in 2020.
Reliance Retail will be the official retailer for the fashion house in India, combining specialty stores and digital trading platforms. “The partnership aims to mark Gap’s position as a leading way of life, and Reliance Retail was established to build strong omnipotent retail networks and increase domestic production and production efficiency,” Reliance Retail said in a press release regarding the long-term agreement. .
“We are proud to bring the latest and best in Reliance Retail to our customers and we are pleased to announce the addition of a unique American brand to our fashion and lifestyle portfolio. Executive Achilles Pradesh, fashion and lifestyle.
Adrian Gernand, managing director of Gap Inc. International, Global Licensing and Wholesale, said the company is looking forward to growing the Gap business in key global markets.
“Collaborating with regional experts such as Indian Real Estate retailers, we will continue to duplicate our business portfolio with partner-based models, allowing us to provide relevant, purposeful branding to our customers around the world,” Gernand said.
Reliance Retail is a subsidiary of Reliance Retail Ventures (RRVL) and is the owner of all retail companies under the protection team. RRVL reported a gross profit of Rs 199,704 and a net profit of Rs 7,055 to FY22.
Space first came to India in
Dear reader!
Business Standard is always up-to-date and works hard to provide you with insights and developments that have significant political and economic implications for the country and the world. Your encouragement and persistent feedback on how we can improve our supply has strengthened our commitment and commitment to these ideas. We are committed to keeping you informed and up-to-date on the latest news, official opinions and relevant current affairs, even during these difficult times in Covidy-19.
But we have a question.
As we fight the economic impact of the epidemic, we need your support to continue providing better quality content. Our subscription model has seen an encouraging response from many of you who have subscribed to our online content. Additional subscriptions to our online content can only help you achieve your goals of providing more and more relevant content. We believe in free, fair and credible journalism. Your support through many subscriptions will help us practice our journalism.
Support quality journalism and Sign up for Business Standard.
Digital Editor
[ad_2]
Source link