Boggi has a considerable retail presence across Europe and the Middle East, and is likely to have a majority stake in the joint venture with DLF.
Boggi offers a wide range of men’s formal and informal clothing along with shoes, watches, fragrances and other accessories.
A DLF spokesperson declined comment on the likely tie-up.
Boggi is controlled by three Zaccardi brothers – Carlo, Caludio and Roberto – who also run multi-brand retail chain Brian & Barry. The firm owns and operates around 70 stores spread across Europe and the Middle East under Boggi and Brian & Barry brand names.