Reliance Retail and Delta Galil Partner to Bring Innovative Apparel to India
Reliance Retail Ventures Limited (RRVL) has announced a 50/50 partnership with Delta Galil Industries, Ltd., a global leader in the manufacturing and marketing of intimate, activewear, loungewear, and denim for men, women, and children.
Creating an Apparel Innovation Platform
The partnership aims to create an apparel innovation platform to cater to the specific needs of Indian consumers. Delta Galil, known for its high-quality products, plans to expand its presence in India’s fast-growing market by offering its popular intimate apparel and activewear brands through retail, wholesale, and online channels.
Statements from Key Figures
V Subramaniam, Managing Director of Reliance Retail Ventures Limited, welcomed Delta Galil as a strategic partner, highlighting the synergy between the two companies. He said, “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.”
Isaac Dabah, CEO of Delta Galil, emphasized the importance of the partnership, stating, “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.”
Future Plans
The joint venture will allow Reliance Retail to leverage Delta Galil’s extensive industry knowledge and innovative capabilities. The collaboration will launch Delta family lifestyle stores and the Athena brand for men’s and ladies’ intimates in India over the next 18 months.
Doubts Revealed
Reliance Retail -: Reliance Retail is a big company in India that sells many different things like clothes, groceries, and electronics. It is part of Reliance Industries, which is one of the largest companies in India.
Delta Galil -: Delta Galil is a company from another country that makes clothes like underwear and sportswear. They are very good at making these kinds of clothes and sell them all over the world.
50/50 partnership -: A 50/50 partnership means that both companies, Reliance Retail and Delta Galil, will share the work and profits equally. They will both own half of the new business they are creating together.
apparel innovation platform -: An apparel innovation platform is a special way to make new and better clothes. It means they will use new ideas and technology to create clothes that people in India will like.
intimate and activewear -: Intimate wear means clothes like underwear and bras. Activewear means clothes you wear when you exercise, like sports shirts and pants.
Delta family lifestyle stores -: Delta family lifestyle stores will be new shops where you can buy clothes for the whole family. These stores will have many different kinds of clothes made by Delta Galil.
Athena brand -: The Athena brand is a new name for a line of clothes that will be sold in India. It will be one of the brands that you can buy in the new stores.