Timberland, Reliance Brands partner in India
Timberland Co. said it will partner with Reliance Brands Ltd. to distribute Timberland brand clothes and shoes in India.
The shoes and clothes will be sold in Timberland retail stores and department stores throughout the country.
Reliance Brands, which is owned by Reliance Industries Ltd., is based in Mumbai, India. Reliance Industries is an oil and gas producer with a range of other businesses, including textiles and supermarkets as well as sellers of shoes, jewelry, books and toys.
Shares of Timberland, based in Stratham, N.H., slipped 5 cents to $16.34 in afternoon trading.