Reliance Retail to augment its apparel business venture is in talks with world’s largest retail chain, US-based Gap Inc. for bringing their mid-premium brands – ‘Gap’ and ‘Banana Republic’ to India.
Gap Inc has been talks with other retail Indian players but in Reliance Retail, they have a better synergy as Reliance plans in the apparel segment are on a grand scale with a pan-India presence.
Earlier, big international apparel retailers such as Diesel, Tommy Hilfiger, Esprit, Louis Vuitton, FCUK, Lee Cooper, Escada and Dunhill have entered the Indian market though franchise route and single-brand retail.
Globally, Gap’s business is mainly through direct retailing but off late it has adopted franchising in some Asian countries. For Gap, the entry won’t be new to them since it sources significant proportion of its apparel from Indian companies. via
Find this article at: http://www.labnol.org/india/corporate/reliance-retail-may-bring-gap-brand-to-india/1404/
Tags: reliance retail, Corporate, India
Reader Comments
This is vendetta by Amar Singh against Mukesh Ambani of RIL and the scapegoat was Banwari Lal Kunchal. Amar Singh has said in an interview that he distrusts Mukesh Ambani, he hates Mukesh Ambani and he dislikes Mukesh Ambani.
Amar Singh had a grudge and he showed this by trying to close Reliance Fresh Outlet on the 1st day of their opening.
Mayawati has to bow down before SP leader Amar Singh so as to protect her government from falling.
Also, RIL wasn’t giving gas to Anil Ambani, this could also be another reason.
Written by sda on 09.29.07