Skechers buys Future Group's stake in India JV

Skechers USA, Inc. has purchased 49 percent stake help by Kishore Biyani-led Future Group in its India joint venture, transitioning the business to a new wholly-owned subsidiary of the parent company. Skechers said in a statement that being one of the fastest growing and largest international markets for the brand, it believes that combining the experienced team and Skechers’ proven sales and marketing capabilities will allow it to grow the brand and its presence in a faster, more efficient manner, ultimately meeting its fullest potential.