Reliance to bring Balenciaga to India

Spanish brand Balenciaga, now owned by luxury giant Kering, has not been present in India so far. Reliance plans to launch the brand at its upcoming Jio World Centre mall in Mumbai, sources said.

Emails sent to Reliance Brands, Kering and Balenciaga went unanswered till the time of going to press.

Founded in 1895 by Cristobal Balenciaga in the Basque region of Spain, Balenciaga was acquired by Kering in 2001. Besides Balenciaga, other brands in Kering’s portfolio include Saint Laurent, Bottega Veneta,

Besides cities like Madrid, Balenciaga has stores in Capri, Cannes, Berlin, London, and countries like Japan, Greece, Australia, Canada, Hong Kong, Indonesia, and the Chinese mainland.

The iconic brand is known to have played a significant role in shaping global fashion through its haute couture creations and its modernistic silhouettes and is known for its product lines spanning handbags, shoes and ready to wear accessories.

ET was the first to report in its edition dated July 18 last year that Reliance Brands had signed a deal to bring Tiffany & Co to India.

As per Kering’s official website, the group posted revenue of 13.7 billion Euros in 2018.

Reliance Brands is an arm of Reliance Retail. As per its website,

In 2017, Reliance Brands made deeper inroads into luxury by buying out L Catterton Asia’s 40% stake in its direct competitor Genesis Luxury, which ET reported about in its edition dated September 9, 2017. Genesis Luxury which sells brands like Burberry, Giorgio Armani, Jimmy Choo and Canali in India was acquired by Reliance Brands in 2018 after buying additional stakes.

New Delhi: Reliance Brands, a subsidiary of Reliance Industries , which sells luxury labels like Ermenegildo Zegna, Brooks Brothers, and Bally in India is sprucing up its luxury portfolio. After bringing iconic American jewelry brand Tiffany and Co to India, Reliance has signed up with luxury fashion house Balenciaga to bring the brand to the country, people familiar with the matter said.Spanish brand Balenciaga, now owned by luxury giant Kering, has not been present in India so far. Reliance plans to launch the brand at its upcoming Jio World Centre mall in Mumbai, sources said.Emails sent to Reliance Brands, Kering and Balenciaga went unanswered till the time of going to press.Founded in 1895 by Cristobal Balenciaga in the Basque region of Spain, Balenciaga was acquired by Kering in 2001. Besides Balenciaga, other brands in Kering’s portfolio include Gucci Alexander Mcqueen , Ulysse Nardin, Boucheron and Brioni.Besides cities like Madrid, Balenciaga has stores in Capri, Cannes, Berlin, London, and countries like Japan, Greece, Australia, Canada, Hong Kong, Indonesia, and the Chinese mainland.The iconic brand is known to have played a significant role in shaping global fashion through its haute couture creations and its modernistic silhouettes and is known for its product lines spanning handbags, shoes and ready to wear accessories.ET was the first to report in its edition dated July 18 last year that Reliance Brands had signed a deal to bring Tiffany & Co to India.As per Kering’s official website, the group posted revenue of 13.7 billion Euros in 2018.Reliance Brands is an arm of Reliance Retail. As per its website, Reliance Retail has a portfolio of over 45 international brands that spans segments like luxury, bridge to luxury, high premium and high street lifestyle. Reliance Retail operates over 682 stores for these international brands.In 2017, Reliance Brands made deeper inroads into luxury by buying out L Catterton Asia’s 40% stake in its direct competitor Genesis Luxury, which ET reported about in its edition dated September 9, 2017. Genesis Luxury which sells brands like Burberry, Giorgio Armani, Jimmy Choo and Canali in India was acquired by Reliance Brands in 2018 after buying additional stakes.