Reliance Retail expands its luxury portfolio with Saks Fifth Avenue, tapping into India’s booming $8B luxury retail market.

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The American luxury retail brand Saks Fifth Avenue started more than 150 years ago in Washington, D.C. Its iconic flagship on Fifth Avenue in Midtown Manhattan opened almost 100 years ago and its ...

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The luxury retailer signed a franchising agreement with Reliance Industries Limited, the giant Mumbai-based conglomerate, to open Saks Fifth Avenue and Saks Off 5th stores in the country.

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