Metro Brands has acquired 100% shareholding of Cravatex Brands, a company engaged in the business of importing, trading, selling, marketing, advertising, retailing and distribution of footwear, apparel and accessories under various brands including ‘FILA’ and ‘Proline’.
Earlier, the company had signed a share purchase agreement to acquire 100% shareholding of Cravatex Brands, to expand its presence in the sports and athleisure space in India.
Metro Brands is one of the largest Indian footwear speciality retailers and is amongst the aspirational Indian brands in the footwear category.
