Reliance to tap into Delta Galil’s deep industry expertise
Delta Galil Industries Ltd (DELG/Tel Aviv Stock Exchange) from Israel has formed a 50:50 joint venture with Reliance Retail to expand in the rapidly growing Indian market.
Delta Galil will also support the joint venture, which will design and manufacture products for Reliance’s own well-established brands bse .
Delta Galil CEO Isaac Dabah said on the venture announced on 10 Sept, “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 nse .
“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 makeinindia
“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 ibef .”
The venture 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 significantly in the Indian market deutsche-boerse . Fiinews.com
