Thursday, October 12, 2006

French footwear company Homme enters Indian market

Daily News & Analysis reports that French footwear company Homme Global will be entering the Indian market, offering its premium brand and looking to achieve a turnover of over Rs. 20 crore in its first year of operations. The company has tied up with East Face Footwear Pvt. Ltd, as its licencee to market its products in India.

The company will have two brands, Homme and Maco for sale in India. The footwear industry is estimated to be more than Rs. 4,000 crore and is likely to grow at 12-15% per annum. The premium segment of the footwear market, where Homme will be entering, is growing faster at 20% per annum.

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