Page 2 - Footwear Manufacturers

Footwear maker Bata India in partnership talks with Adidas: Report

The retailer, which houses brands such as Hush Puppies and Scholl, is likely to tie up with Adidas for the Indian market, as per the report

Bata re-enters premium segment, eyes 20% sales from online channels

With inflation cooling off, leading shoemaker Bata is re-entering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels - physical stores and online - and expects e-commerce to contribute 20 per cent of its total sales in the next two to three years, he said. Bata is also pushing for offline sales growth and expects a major chunk of growth to come from its expansion under the franchise model, where it plans to add another 125 stores in FY24 and increase its presence at multi-brand outlets (MBOs). Though with the opening of offices and schools, sales of casual wear products have increased, Shah said the trend of casualization would continue in the long term and Bata is pursuing it by extending its mid-premium brands Hush Puppies and Red Label

Campus Activewear tumbles 7%, dips below IPO price amid huge block deals

The stock crashed below its issue price of Rs 292 per share, as it hit a record low of Rs 282.45 on Wednesday.

Mandatory footwear quality standards to come into force from July 1

It was also informed that the BIS has revised five standards on footwear specifications, and the industry has been given an additional time of six months till January 1, 2024, to comply with the QCOs

Footwear industry to comply with quality control orders from July 1

The government in consultation with the footwear industry on Wednesday decided not to extend the deadline for complying with the mandatory quality standards -- which will come into force on July 1 -- and included MSMEs from the sector into its ambit. It was also decided to give six more months time to small industries (annual turnover less than Rs 50 crore and investment of Rs 10 crore) for complying with the order and accordingly, it will come into force from January 1, 2024. Similarly, micro units (annual turnover less than Rs 5 crore) will have to follow these norms from July 1, 2024. Earlier, MSMEs in the sector were out of the ambit of these orders. Announcing these decisions, Commerce and Industry Minister Piyush Goyal said that these orders would help in increasing the production of quality footwear, exports and establishing Indian brands in the global markets. "We have decided that the QCOs will be implemented from July 1. The order will come into force from July 1. It was

Bata India's profit rises to Rs 656.23 mn on lower costs, higher demand

The company said in a statement that it had refreshed its portfolio to offer premium products under these brands

Global non-leather footwear makers put best foot forward in Tamil Nadu

On Monday, world's largest player Pouchen sign a deal with Tamil Nadu; six others in the pipeline On Monday, world's largest player Pouchen sign a deal with Tamil Nadu; six others in the pipeline

Tamil Nadu inks pact with footwear maker for investment of Rs 2,302 cr

The Tamil Nadu government on Monday signed a memorandum of understanding with a well-known footwear maker for an investment of Rs 2,302 crore in the state. The MoU was signed with High Glory Footwear, a subsidiary of Taiwan-based Pou Chen Corporation, "the world's largest branded footwear manufacturer," in the presence of Chief Minister M K Stalin, a tweet by Guidance Tamil Nadu, said. It is the state government's nodal agency for investment promotion and single window facilitation, "Over the next 12 years, this partnership will generate employment opportunities for more than 20,000 people in the non-leather footwear sector, especially for the youth and women in and around the Kallakurichi district," it added. An official release said the manufacturing unit will come up at SIPCOT, Ulundurpet in Kallakurichi. The investment has been attracted in the wake of the government releasing a Footwear and Leather Products Policy 2022 in August last, it said. It was also in lines with the .

Non-leather footwear maker Pou Chen to invest Rs 2,302 cr in Tamil Nadu

The MoU is expected to generate jobs for over 20,000 people in the non-leather footwear sector in the state over a span of 12 years, especially for youth and women, in and around Kallakurichi District

Private equity firm TPG sells 7.6% stake in Campus Activewear for Rs 806 cr

Private equity firm TPG on Friday divested a 7.6 per cent stake in sports and athleisure footwear company Campus Activewear for Rs 806 crore through an open market transaction. TPG through its affiliate TPG Growth III SF Pte offloaded the shares in Campus Activewear. According to the bulk deal data available on the National Stock Exchange (NSE), TPG Growth III SF Pte sold 2,32,07,692 shares, amounting to a 7.62 per cent stake in the firm. The shares were disposed of at an average price of Rs 347.24 apiece, taking the transaction value to Rs 805.86 crore. As of December 2022, TPG Growth III SF Pte owned a 7.62 per cent stake in the firm. Investment Trust Fidelity Series Emerging Markets Oppor Fund, Societe Generale and Fidelity Investment Trust Fidelity International Discovery Fund acquired a total of 91.06 lakh equity shares of the firm. On Friday, shares of Campus Activewear closed 8.72 per cent lower at Rs 338 per share on the NSE. In a separate bulk deal, Zydus Family Trust b

Campus Activewear slips 7% after over 9% equity changes hand on NSE

According to media report private equity firm TPG had plans to sell 7.62 per cent stake worth Rs 800 crore in Campus Activewear via block deal at Rs 345 per share.

Big shoes to fill for footwear firms as near-term margin worries bite

Relaxo lags behind peers in the quarter, given demand weakness, price cuts, and higher input costs

Metro Brands acquires 100% shareholding of Cravatex Brands

Footwear retail chain Metro Brands has signed a share purchase agreement to acquire 100 per cent shareholding of Cravatex Brands to expand its presence in the sports and athleisure space in India, a regulatory filing said on Wednesday. BSE-listed Cravatex Brands is a retail, brand licensing, distribution and sourcing company that has the exclusive long-term license for the Italian sportswear brand FILA, owns sportwear brand Proline, and represents other international brands. The acquisition is based on fulfilment of closing conditions by both parties. Paragon Partners, an existing investor in Cravatex Brands Limited, will also sell its entire stake as part of this transaction, Cravatex said in the filing. "This acquisition fits our strategic vision at Metro Brands Ltd to leverage our expertise in brick and mortar and e-commerce retail while serving the growing need of the consumer in the sports and athleisure category. "We are truly committed to our vision to be India's largest ...

Footwear shares extend rally; Liberty Shoes, Campus Activewear at new highs

Union Minister Piyush Goyal on Friday said India's footwear sector has immense potential, and it can increase production and exports 10 times in the near future.

Stock of this footwear company has zoomed 60% thus far in September

Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.

Footwear stocks in focus: Metro Brands, Campus can gain 10%, charts show

Among individual stocks, Liberty Shoes has witnessed a 'Golden Cross' on the daily chart, and can potentially rally up to 15 per cent.

Bata India expands footprint but performs below expectations in Q1

Footwear manufacturer trails peers on 3-year growth parameter

Footwear firm Khadim India celebrates founder's 96th birth anniversary

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

Execution key as Bata India eyes expansion, change in product mix

The company has been underperforming peers on the growth front over the FY19-22 period

Bata India's promoter divests 2.56% stake, sells shares worth Rs 613 cr

The shares were picked by a clutch of domestic mutual funds, foreign investors and an insurance company