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Maroc - Times of India - Business - 22/Aug 20:48
Reliance retail, UK footwear co Clarks end JV after 2 years
Reliance Retail and UK-based Clarks have ended their joint-venture partnership, reportedly due to differences over terms. Clarks has subsequently begun closing its stores in India, including those in Inorbit and DLF malls. Clarks initially entered India in 2011 with a partnership with Future Group, which later went bankrupt. Clarks' future plans in India remain unclear.
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