The India Market Is Facing A Wave Of Luxury Goods.

Global high-end and Luxury shoes Brand is accelerating to occupy the India market. These brands are keen to formally approve the single brand retail business of foreign brands by the government of India.

Previously, many brands entered the India market in the form of joint ventures. For example, Steve Madden, Timberland and Kenneth Cole cooperate with Reliance, Wolverine and Tata cooperate, Clarks and Future Future cooperate.

Harkirat Singh, managing director of the shoe industry, said: "in the first few years, a distributor or agent can help the brand find a sense of market. Once the brand understands the market, it wants to control the retail terminal independently.

At present, the brand that quickly enters the country is mainly concentrated in high-end brands. India It is a market that consums 1 billion pairs of shoes annually. This huge market now has a 50% share of the brand name unknown, 30% is the brand of men's shoes, and 15-20% is the brand of medium and high grade shoes. The share of medium and top grade footwear brands is growing at an annual average of 35%, and will occupy 30% of the market share in the future.