Home / Knowledge / News / Apparel/Garments / Adidas India gets approval to set up company owned stores
Adidas India gets approval to set up company owned stores
02
Aug '16
Courtesy: Adidas
Courtesy: Adidas
Sports goods and sportswear retailer Adidas India has received an approval to bring in FDI in retail through its existing wholesale entity to open company owned stores and now plans to open 30-50 outlets by 2020.

“This means the company will not have to set up a separate retail company,” the Economic Times reported.

It may be recalled that Adidas first received the FDI approval for company owned stores in October 2015, but under which it was required to set up a separate entity under government norms existing at that time.

However, in November, the government subsequently eased the rules permitting companies to market their goods through wholesale, retail and ecommerce channels for the first time.

“In addition to opening company owned stores, Adidas India will also start its ecommerce website,” Adidas Group's managing director for India, Dave Thomas said while revealing the details.

These stores will come up from the middle of next year, with the first few in Delhi where it will have 3-4 outlets across various formats which also includes one factory outlet.

Thomas further added that it will now apply for approval to set up company owned stores and an ecommerce website for its Reebok brand. (AR)

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search