The Armani Group has entered into a franchisee deal with Genesis Luxury Fashion in India to expand its operations in the country..Khaitan & Co advised Armani with a team led by Corporate Partners Anand Mehta and Rabindra Jhunjhunwala along with Real Estate Partner Sudip Mullick, Direct Tax Executive Director Daksha Baxi and Indirect Tax Executive Director Dinesh Agrawal..Covington & Burling acted as International legal advisor to Armani with a team led by London Partner Louise Nash..Genesis Luxury was advised by its in-house team..According to ET, Giorgio Armani is ending its Indian joint venture with DLF Brands. Genesis Luxury will be Armani’s exclusive partner in India for the Giorgio Armani, Emporio Armani and Armani Jeans brands. The Armani Group, with Genesis Luxury, intends to grow its retail and wholesale networks in India to offer the Armani brand portfolio to a wider audience through freestanding, department and specialty stores..Genesis will take over the management of the three Armani stores in India. It plans to open 20 more Armani stores over the next four-five years and take Emporio Armani, Giorgio Armani and Armani Jeans brands to cities such as Chennai, Bangalore and Kolkata. Armani recently tied up with designer Suneet Verma to bring in its kidswear brand Armani Junior into the country..The Italian firm’s interior design studio Armani Casa had recently partnered with Mumbai-based real estate developer Lodha Group to design the interiors and decor for their luxury homes project World Towers in central Mumbai.
The Armani Group has entered into a franchisee deal with Genesis Luxury Fashion in India to expand its operations in the country..Khaitan & Co advised Armani with a team led by Corporate Partners Anand Mehta and Rabindra Jhunjhunwala along with Real Estate Partner Sudip Mullick, Direct Tax Executive Director Daksha Baxi and Indirect Tax Executive Director Dinesh Agrawal..Covington & Burling acted as International legal advisor to Armani with a team led by London Partner Louise Nash..Genesis Luxury was advised by its in-house team..According to ET, Giorgio Armani is ending its Indian joint venture with DLF Brands. Genesis Luxury will be Armani’s exclusive partner in India for the Giorgio Armani, Emporio Armani and Armani Jeans brands. The Armani Group, with Genesis Luxury, intends to grow its retail and wholesale networks in India to offer the Armani brand portfolio to a wider audience through freestanding, department and specialty stores..Genesis will take over the management of the three Armani stores in India. It plans to open 20 more Armani stores over the next four-five years and take Emporio Armani, Giorgio Armani and Armani Jeans brands to cities such as Chennai, Bangalore and Kolkata. Armani recently tied up with designer Suneet Verma to bring in its kidswear brand Armani Junior into the country..The Italian firm’s interior design studio Armani Casa had recently partnered with Mumbai-based real estate developer Lodha Group to design the interiors and decor for their luxury homes project World Towers in central Mumbai.
