Reliance Retail Ventures, the holding company of all the retail companies under Reliance Industries (RIL), and Delta Galil Industries, a global manufacturer and marketer of branded and private-label apparel products for men, women, and children, have entered into a strategic partnership in India.
This collaboration, marked by a 50/50 joint venture (JV), aims to redefine the apparel landscape in the Indian market. The partnership intends to establish an apparel innovation platform dedicated to meeting the unique demands of Indian consumers.
As per the Company, Delta Galil will leverage this JV to expand its footprint in the Indian market, offering its portfolio of intimate apparel and activewear brands across retail, wholesale, and digital channels. Through the collaboration, it will also support the JV, which will design and manufacture products for Reliance’s well-established brands.
The JV will enable Reliance Retail to tap into Delta Galil’s deep industry expertise and innovation capabilities in intimate apparel and activewear, key product categories that are poised to grow in the Indian market, the Company further clarified.
On the development, V Subramaniam, Managing Director, Reliance Retail, stated, “Delta Galil’s reputation as a global innovator in intimate apparel and activewear aligns seamlessly with Reliance Retail’s commitment to delivering quality and innovative products to Indian consumers. Together, we are poised to elevate the consumer offerings in the intimate apparel and activewear segments across our retail platforms.”
In addition, Isaac Dabah, Chief Executive Officer, Delta Galil, said, “Reliance Retail is one of the fastest-growing retail companies in the world and we are extremely proud to partner with the company as we look to tap into India’s dynamic consumer market, home to more than 1.4 billion consumers. This collaboration will allow us to combine our product design, innovation, and manufacturing prowess with Reliance Retail’s extensive retail network and distribution reach, paving the way for accelerated growth of the intimate apparel and activewear categories throughout the country. We look forward to embarking on this journey with Reliance to an initial launch with Delta family lifestyle stores and the Athena brand for men’s and ladies’ intimates, over the next 18 months.”
