While the deal has helped ABFRL mark its presence in India's ₹20,000 crore organised sports footwear market, which has big names such as Puma, Adidas, Nike, Asics, Skechers and Decathlon lording over it, the Aditya Birla group has big plans for the brand. The sports footwear market is growing at around 10% per annum.
Analysts and retail experts see ABFRL taking a leaf out of rival Metro Brands' strategy to grow its footwear business in the country. Like Metro Brands, which in the last few years has focused aggressively on its international brand tie-ups such as Fila, Crocs and Fitflop, ABFRL, too, is looking to grow its footwear business on the back of an aggressive distribution and e-commerce expansion of Reebok.
Bu hikaye Financial Express Mumbai dergisinin April 02, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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