April 20, 2012 |
NEW DELHI: Giorgio Armani is ending its Indian joint venture with DLF Brands. The Italian fashion house will now enter into a franchisee deal with Genesis Luxury to expand its retail presence in India. All the three companies confirmed the development. DLF Brands Chief Executive Officer Dipak Agarwal said the break-up with Armani is in line with its strategy of withdrawing from luxury. "We are not expanding in luxury anymore. Also Armani wanted to move to a...
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