Reliance brands are partners of Italian company Maison Valentino, Marketing & Advertising News, ET BrandEquity
Reliance Brands Ltd (RBL) has signed a long-term distribution agreement with Maison Valentino to launch the famous Italian Couture House in India. RBL will open the first Valentino boutique in Delhi, followed by a flagship store in Mumbai, a joint statement said on Thursday.
“The first store is expected to open in 2022 by the end of summer, followed by the flagship store in Mumbai in the coming months. ” he added.
The new long-term distribution agreement will enable brand presence through a renewed store concept. The experiential design will provide customers with an all-encompassing experience and a tailored customer experiential journey, as per the statement.
RBL MD Darshan Mehta says Valentino needs no introduction in India.
“The brand’s infectious romance, iconic codes and bold use of color resonate strongly in India. This partnership will help make the brand more accessible to its Indian customers and build a new tribe of Valentino connoisseurs.”
Jacopo Venturini, CEO of Maison Valentino, said: “We are delighted to partner with India’s leading luxury retailer, RBL, and proud to work together to expand our common vision and voice in this important market, rich in new opportunities”.
The upcoming store opening represents an important step in Valentino’s overall strategy and is part of the growing retail market in the country, allowing the Valentino business and community to grow in a solid way, in line with our values and our brand culture, he noted.
Founded by legendary Italian fashion designer Valentino Garavani and Giancarlo Giammetti, Valentino has seen an impactful creative evolution under current Creative Director Pierpaolo Piccioli and CEO Jacopo Venturini, heralding the brand as Italy’s most established fashion house. , Mehta said.
The brand is currently present in more than 144 locations through 212 directly operated Valentino boutiques and more than 1,300 points of sale.
RBL is a subsidiary of Reliance Retail Ventures Ltd, the retail arm of billionaire Mukesh Ambani’s Reliance Group.
RBL began operations in 2007 with a mandate to launch and grow global brands in the luxury to premium segments in fashion and lifestyle. It has a portfolio of brand partnerships with leading global brands including Armani Exchange, Burberry, Canali, Coach, Diesel, Dune, Emporio Armani, Gas, Giorgio Armani, Hamleys, Hugo Boss, Jimmy Choo, Michael Kors , Versace, Villeroy & Boch. and West Elm.