New Delhi: french company SMCP owns fashion brand Sandro is entering India in partnership with Reliance Brands like Maje, Claudie Pierlot and Fursac. Under the terms of the deal, Reliance Brands Sandro will become the exclusive distributor for and Maje in the market. Both the brands will open their first stores in the country in 2024.
The young working population and rising disposable incomes are prompting global brands to look towards India and create growth strategies for the market. SMCP Positions its brand portfolio as accessible luxury brands. The group operates more than 1,600 stores globally and is present in 47 markets.
Recent estimates by analysts suggest that India’s consumer market has the potential to become the world’s third largest by 2027, helped by rising disposable incomes. Many premium and luxury global consumer brands ranging from fashion to coffee, such as Brioni and Tim Hortons, have entered the country in recent years.
Reliance Brands, a subsidiary of Reliance Retail Ventures, has entered into exclusive partnerships with a range of premium to luxury lifestyle brands including Versace, Bottega Veneta and Baleniaga. Currently its portfolio It includes more than 90 brands.
The young working population and rising disposable incomes are prompting global brands to look towards India and create growth strategies for the market. SMCP Positions its brand portfolio as accessible luxury brands. The group operates more than 1,600 stores globally and is present in 47 markets.
Recent estimates by analysts suggest that India’s consumer market has the potential to become the world’s third largest by 2027, helped by rising disposable incomes. Many premium and luxury global consumer brands ranging from fashion to coffee, such as Brioni and Tim Hortons, have entered the country in recent years.
Reliance Brands, a subsidiary of Reliance Retail Ventures, has entered into exclusive partnerships with a range of premium to luxury lifestyle brands including Versace, Bottega Veneta and Baleniaga. Currently its portfolio It includes more than 90 brands.