Editor’s Note
This article details a strategic joint venture between Reliance Retail and Israel’s Delta Galil Industries, aimed at strengthening its apparel market presence through a 50:50 partnership in the innerwear segment.
Reliance Retail announced on Tuesday the formation of a joint venture with Israel-based branded and private label innerwear company Delta Galil Industries. Reliance Retail expects this partnership to strengthen its position in the apparel market. A joint statement said the partnership with Delta Galil, which manufactures apparel for women, men, and children, will involve a 50:50 percent stake from both parties.
Under this partnership, Delta Galil will design and manufacture products for Reliance’s brands. The joint venture will also launch Delta Family Lifestyle stores and the Athena brand for men’s and women’s innerwear within the next 18 months. The company stated, “Delta Galil, renowned for its innovation and product excellence, will leverage this venture to expand its presence in the rapidly growing Indian market.”
V Subramaniam, Managing Director of Reliance Retail, said.
Isaac Dabah, Chief Executive Officer (CEO) of Delta Galil, said,
Reliance Retail recorded revenue of three lakh crore rupees in the financial year 2023-24. Reliance Retail’s two-year-old joint venture with British footwear company Clarks recently concluded.