Adidas to Open Own Retail Stores in India by 2017; Becomes the First International Sports Brand to Get DIPP Approval
Accompanying relaxation in local sourcing norms, FDI in retail, ecommerce and wholesale industry was also increased to 100%. This opened doors to large international brands to open their own retail stores in India, something we have been waiting for. Adidas has got the approval from Department of Industrial Policy and Promotion (DIPP) to operate its retail stores under…