Reliance Brands has inked an exclusive long-term franchise agreement to launch Stuart Weitzman, a global, high-end footwear brand in India. The brand’s India launch will be in summer of 2013 with stores in Delhi and Mumbai and the price range is expected to be between Rs 25,000 to Rs 75,000. Stuart Weitzman's styles have been seen on celebrities at various Hollywood events.
Commenting on the partnership Stuart Weitzman said: "Partnering with Reliance, a company that has a dominant presence in India - one of the most compelling retail growth areas in the world, is an essential next step in our global expansion strategy."
Darshan Mehta, President & CEO, Reliance Brands Ltd said: 'Stuart Weitzman's trademark use of unique materials, and his attention to detail, garnered him and his company a global following. Having the ability to leverage the global strength of the Stuart Weitzman brand, and building a larger presence for them here in India is a great opportunity. We are very excited about the association which promises to pioneer a global trend across the region."
Reliance Brands is a part of the Mukesh Ambani led Reliance Industries Group.
