Manhattan Beach, CA-based Skechers USA acquired the 49 percent stake of its joint venture with Future Group of Mumbai owned by Indian retail billionaire, Kishore Biyani, and created a new company, Skechers South Asia Private Limited.
India ranks among the fastest growing and largest international market for Skechers which has 223 retail locations across the country of which sixty-one are company owned and operated and the remainder are franchised. Last year, Skechers posted double-digit increases in wholesale and retail sales and an 80 percent increase in footwear sold, reaching 2.7 million. This year, the company plans to launch between eighty and one hundred more stores in India, of which 20 will be company operated.
Michael Greenberg, president of Skechers said, “The substantial existing retail network of over 200 stores, a strong wholesale business and a recently launched e-commerce site is a solid foundation that we can build upon. These accomplishments, as well as opportunities we see to increase the brand’s exposure and drive sales, give us great optimism and confidence for the growth of Skechers in India.”
Last updated: December 26th, 2025
