Nike Seeks To Set Up Fully Owned India Unit
Advertisement
NEW DELHI: American sportswear firm Nike Inc has filed for setting up a wholly owned subsidiary in India to sell its own brand of products.
Nike India Pvt Ltd has filed the application with the Department of Industrial Policy and Promotion on August 29, the department’s website showed.
Nike entered India about two decades ago and currently operate through around 400 franchised stores in the country. According to the filling, it now plans to open its own flagship stores.
IKEA and Hennes & Mauritz are among other prominent firms that are aiming to set up shop in India since the nation removed investment barriers for foreign single-brand retailers in 2012.
Advertisement
Advertisement
IKEA and Hennes & Mauritz are among other prominent firms that are aiming to set up shop in India since the nation removed investment barriers for foreign single-brand retailers in 2012.
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Markets rebound sharply on buying in bank stocks firm global trends
- Bengaluru's rental income highest in Q1-2024, Mumbai next: Anarock report
- Rupee falls 10 paise to settle at 83.48 against US dollar
- Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market