September 13, 2023
admin
Isha Ambani’s Reliance Retail brings this iconic clothing brand to India; 100 new stores to compete with H&M, Zara
After bringing several iconic fashion brands to India such as Amani and Burberry, Mukesh Ambani and Isha Ambani’s Reliance Retail has decided to move forward with their partnership with iconic American clothing brand Gap, set to bring their products to India.
Isha Ambani-led Reliance Retail has bagged a massive deal with American clothing retailer Gap, and the two have partnered to expand the company’s retail footprint by planning to set up over 100 stores across the country, bringing massive revenue to both firms.
Reliance Retail said that they are planning to launch 100 outlets of Gap, both shop-in-shop and stand-alone stores of the firm. Gap operates more than 100 points-of-sale in India, and in partnerships with Reliance as well as its exclusive outlets.
In July 2022, Gap Inc. signed an exclusive deal with Isha Ambani’s Reliance Retail to bring the iconic American retail brand to India, launching its clothes in online stores. Currently, Gap is available on Reliance stores and its e-commerce website AJIO.
Through the expansion of the deal between the two, Reliance will open 100 stores of Gap across the country giving tough competition to many popular retailers across the country such as Tata’s Westside, foreign brand Uniqlo, H&M and Zara.
Meanwhile, competing brands such as Uniqlo and H&M are also expected to launch new stores soon. Uniqlo is set to open 11 new stores in India soon and H&M is targeting to open 50 new stores in the country, while Reliance’s Gap venture has not given a timeframe for their new stores yet.
>>Go to Mainboard IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com
