Foot Locker has signed a long-term licensing agreement with Metro Brands Limited (MBL) and Nykaa Fashion for its entry into the Indian market. MBL will have exclusive rights to own and operate Foot Locker stores in India and sell authorized merchandise, while Nykaa Fashion will be the exclusive e-commerce partner, operating Foot Locker s India website and retailing authorized merchandise on Nykaa s platforms.
D-Link India was down nearly 4 percent to Rs 225. Ace investor Ashish Kacholia has sold further 3.69 lakh equity shares in the networking products manufacturer at an average price of Rs 227.91 per share.
US retailer of shoes and sportswear Foot Locker Inc. is in discussions to join the Indian market with Metro Brands Ltd., according to a report by The Economic Times.
Foot Locker, which sells well-known footwear brands like Adidas and Nike Inc., is in talks to appoint a franchise with four Indian players. The specifics of the companies were kept confidential.