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• Fashion group SMCP, owner of French fashion labels Sandro and Maje, has signed a deal with Reliance to expand into India.
• Reliance Brands will become the exclusive distributor of Sandro and Maje in India and plans to open around 10 stores in the next three to five years.
• Other high-end European brands are also seeking to expand their retail presence in India to tap into its strong economic growth and rising number of millionaires.