Khaitan & Co advised retain giant Reliance Retail on its exclusive franchise arrangement with Saks for opening and operating ‘Saks Fifth Avenue’ stores in India.
The Khaitan deal team consisted of Rahul Dutt (Partner), Hetal Thakkar (Partner) and Tanvi Tekriwal (Senior Associate).
Moin Ladha (Partner) assisted on Regulatory aspects.
This franchise arrangement with Reliance marks the entry of Saks into the Indian market.
Saks Fifth Avenue is a luxury department store chain known for its high-end fashion, accessories, and premium shopping experience. Founded in 1924 and headquartered in New York City, Saks has established itself as a leading retailer of designer brands, offering exclusive collections and personalized services. Its flagship store on Fifth Avenue in Manhattan is an iconic destination, famous for its elaborate window displays and upscale ambiance.
Reliance Retail, a subsidiary of Reliance Industries Limited, is India’s largest retailer, operating a vast network of stores across various sectors, including groceries, electronics, fashion, and lifestyle. Founded in 2006, the company has rapidly expanded its presence, offering a mix of physical stores, digital platforms, and omni-channel experiences.
It owns and operates popular retail chains such as Reliance Fresh, Reliance Digital, Trends, and JioMart, catering to millions of consumers nationwide. Reliance Retail has also forged strategic partnerships with global brands and acquired several Indian businesses to strengthen its market dominance. With its aggressive expansion strategy and focus on digital transformation, the company continues to shape the future of retail in India.
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