Madura Fashion Eyes Tie-Upgrades With Giorgio Armani, Hackett - Report
06 Fevereiro 2012 - 3:57AM
Dow Jones News
Madura Fashion & Lifestyle, a division of Aditya Birla Nuvo
Ltd. (500303.BY), is in talks with Giorgio Armani SpA and Spanish
investment firm Torreal-controlled men's clothing company Hackett
Ltd. to expand its presence in the super-premium fashion segment,
the Times of India reported Monday.
Madura and Giorgio Armani are negotiating to set up stores for
Armani Jeans in India, the report said, citing sources it didn't
name.
A possible deal with Madura could lead to Giorgio Armani
expanding its India business ties beyond existing partner DLF Ltd.
(532868.BY), which operates Giorgio Armani and Emporio Armani
stores in the country, the report added.
The newspaper said that Madura is also set to announce a new
10-year deal to manage fashion retailer Esprit Holdings Ltd.
(0330.HK). The Indian company's 2005 distribution tie-up with
Esprit was set to expire this year, it added.
Newspaper website: http://www.timesofindia.com
-By Bangalore Bureau; Dow Jones Newswires;
djn.in@dowjones.com
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