“These are all rumours, and no tie-ups with any foreign brands are happening,” a spokesperson from Reliance Retail informed Indiaretailing.
However, the spokesperson confirmed that the company is in talks with some brands, but there is no tie-up happening with any of those.
A section of the media had reported that Reliance Brands, a subsidiary of Reliance Retail, is close to tying up with global brands Polo Ralph Lauren and Versace.
The Italy-based Polo Ralph Lauren is a 40-year-old New York Stock Exchange-listed firm that designs and distributes products in apparel, home, accessories and fragrances.
– Satrajit Sen