Headlines

Brooks Brothers Entering Indian Market

Stores to begin opening this year

Published

12 years ago

June 5, 2012

VMSD Staff

New York-based Brooks Brothers Group is partnering with Reliance Brands Ltd. to open monobrand stores in India, reports Women’s Wear Daily. The first three stores are expected to open this fall in Chandigarh, Elante and Delhi, with multiple units in the country’s 10 largest cities added within three years.

Under the terms of the deal, Brooks Brothers will hold a 51 percent equity stake and Reliance, part of the Reliance Industries Group, will own 49 percent.

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