- The grand opening of the Crocs store in Pondy Bazaar, Chennai solidifies the brand’s leading position in the Indian footwear industry
National, 27 November 2023: Metro Brands Limited (MBL), India's fastest-growing footwear retailer, today announced the inauguration of its 200th Crocs store in India, clocking another landmark in its retail expansion journey. The partnership between MBL and Crocs India Limited (CIL) has successfully captured the attention and loyalty in the hearts and on the feet of Indian consumers, making it a brand that is deeply cherished.
The partnership, which commenced in 2008, was initiated with the introduction of Crocs' products within MBL multi-brand outlets. In 2015, this partnership deepened as the brands inked a non-exclusive retail license agreement. This agreement authorized MBL to distribute Crocs products in India, aligning seamlessly with Metro Brands' mission of bringing global brands to India and offering a dynamic retail experience to its customers. This pivotal collaboration led to the opening of the very first exclusive Crocs store in 2015, located in Lucknow. Today, their 200th Crocs store is located at Pondy Bazaar, the retail hub of Chennai.
Mr. Maulik Desai, Business Head- Crocs, Metro Brands Limited, said, “The launch of our 200th Crocs store in India is a testament to the dedication of our team and our enduring partnership with Crocs. We are committed to offering a global retail experience that appeals to youth and customers seeking comfort. Crocs' unique selling points of comfort, distinctive style, and personalization make us a leader in the market. We're excited about the endless possibilities and milestones that await us in the future.”
Mr. Sumit Dhingra, VP & General Manager, India & SEA, said, “We are delighted to celebrate the momentous achievement of inaugurating Metro Brand’s 200th Crocs store in India made possible through our esteemed collaboration. This marks a significant milestone in our ongoing partnership with Metro Brands Limited, who is the biggest partner for Crocs India for operating exclusive stores. Playing a pivotal role, Metro Brands has been instrumental in bringing the essence of Crocs – both our iconic comfort and the joy of personalization and self-expression – to the hearts and feet of the Indian consumer. As one of our most cherished partners, Metro Brands Limited has been integral to our success, and we eagerly anticipate continuing this remarkable journey, expanding our reach, and creating even more exciting opportunities for our customers in India.”
This milestone not only reaffirms Metro Brand’s position as India's fastest-growing footwear retailer but also spotlights the profound impact of their enduring partnership with Crocs India Limited. As Metro Brands and Crocs look ahead, the 200th store at Pondy Bazaar, Chennai, symbolizes not just a landmark achievement but the promise of an exciting and innovative future in the realm of Indian footwear.
About Metro Brands Limited (BSE: 543426; NSE: METROBRAND)
Metro Brands is one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian brands in the footwear category. The Company opened its first store under the Metro Brand in Mumbai in 1955 and has since evolved into a one‐stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. In addition to men’s, women’s, and kid's footwear, it also has a wide range of handbags, belts, wallets, etc.
Metro Brands retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third‐party brands such as Crocs, Fitflop, Fila, Skechers, Clarks, Puma, and Adidas which complement its in‐house brands. The Metro footwear range is specially curated based on the regional sensitivity to cater to the needs of different regions.
As of 30th September, 2023, the Company operated 795 Stores across 182 cities spread across 31 states and union territories in India.
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