Tanners and brands in trouble can find willing buyers in India
03/02/2012
At a press conference at the India International Leather Fair in Chennai on February 1, Mr Ahmed said Indian companies will snap up European or North American brands when they come onto the market as a way of raising their profile in the international marketplace. He cited Tata’s controlling stake in Move On, the parent company of the Aerosoles brand in Portugal, as an early example.
Buying distribution companies, resellers of big-name branded products, to increase their profiles is another alternative. Brands that want to establish a presence in India through the franchise model should also talk to Indian leather-sector manufacturers, he said, and he promised that the Council for Leather Exports would help companies outside India find buyers among its member companies.
“The Indian leather industry has gone to a different level now,” the CLE president said. “Our manufacturers are strong and they can buy out other companies.”
Share this story:
