Lee Cooper to open store in India
According to local press The Hindu Business Line, Lee Cooper, bought by Iconix in February, is preparing for its first Indian store opening.
“We have been in a licensing agreement with M&B Footwear for the last 18 years. We feel the time is right for the brand to stand on its own with a mono-brand store, and if India continues to grow as per our expectations, it will be the second largest in the next five years,” says Andy Dunkley, CEO of Red Diamond Holdings which directly owns the brand Lee Cooper.
Currently the brand generates 60% of its revenue in India thanks to strong textile and footwear sales. Lee Cooper is looking to add perfumes and watches to the mix in the near future.
Copyright © 2023 FashionNetwork.com All rights reserved.