The first store of the Italian fashion brand will open in Mumbai in early 2026, which will be followed by a national roll-out in key metro cities
The partnership will enhance the significance of the event, which has served as India's top platform for showcasing bridal and couture designers for 16 years.
RBL will be Balenciaga's only partner in India under this long-term franchise deal, and this will mark RBL's second collaboration with Balenciaga's parent company Kering.
The company said it will expand the food chain across India with the help of this long-term master franchise partnership, starting with the country's largest cities and travel hubs.
Tod's has been operational in India since 2008 with mono brand stores in DLF Emporio, New Delhi and Palladium, Mumbai and multibrand ecommerce platform Ajio Luxe.
The new brand, said the company, besides ready-to-wear apparel will also expand to other categories such as accessories, footwear, home, beauty, and jewellery.
Tiffany is popular for its engagement rings and robin egg blue boxes. It operates in more than 320 stores in over 25 countries.
The move would help Reliance Brands, a Reliance Industries Ltd (RIL) subsidiary, add to the existing portfolio of branded fashion retail outlets.
Under the agreement, Reliance Brands will set up Scotch & Soda stores in all major cities in India by 2017.
The partnership will leverage Reliance Brands' market expertise in the country to establish a network of standalone stores across major Indian cities beginning later in 2016, the company said in a statement.
India could be the second largest market for the company in five years, says Andrea Dini, CEO and President of Paul & Shark, the luxury clothing company which operates through a 50:50 joint venture (JV) with Reliance Brands in India.
CNBC-TV18‘s Kritika Saxena caught up with him and began by asking him what made him bullish about India at a time when the country is facing a slowdown?
As chief executive of Reliance Brands, Darshan Mehta has had a ringside view of the country‘s fledgling luxury market. Apart from brands like Diesel and Thomas Pink, it retails Paul & Shark and Ermenegildo Zegna as its two marquee labels.
Reliance industries' retail arm, Reliance Brands, announced the formation of a joint venture with US-based retailer Brooks Brothers today.
Reliance Brands, part of Mukesh Ambani's Reliance Industries, has partnered with Iconix Brand Group to sell the US company's fashion and home brands in India.
Swedish fashion retail giant Hennes & Mauritz (H&M) today said it does not have any 'concrete' plans to enter India, amid speculation that it is holding talks with some of the companies here for partnership.
Reliance Brands, a part of Reliance Industries (RIL), on Monday said its association with global footwear and apparel company Timberland in India will not be impacted by VF Corporation's global takeover of the latter.