MBFG forms JV in India
Seeing the potential for sales as a result of the rising demand for high-end luxury goods in India, Italy’s Mariella Burani Fashion Group (MGFG) is to expand its presence in the country through a joint venture with Gitanjali (Mumbai, India). Under the agreement Gitanjali, which is one of India’s largest fully-integrated jewellery groups, will distribute MBFG’s leather goods, apparel, and jewellery collections through 32 mono- and multi-brand boutiques and 132 shop-in-shops. The Indian company will also provide production, marketing, logistics and distribution expertise.