Luxury footwear brand Harrys of London to enter India
British luxury men’s footwear and accessories brand Harrys of London is planning to open its first outlet in Delhi, followed by Mumbai by early 2018. Founded in 2001, Harrys of London is present in more than 20 countries. The company is looking for franchise partners in India.
“India is an important market for us. Our target group is businessmen and travellers between the age group of 25 and 60 years. Our collection ranges from contemporary London and formal footwear to sneakers and casual footwear,” said Steven Newey, its CEO.
Apart from footwear, the company also sells travel bags, wallets, shoe-care products, scarves and belts. Over the next five years, the company is planning to open five to six stores in India and is expecting to earn 1 million pounds per store. “We have been growing at an annual rate of 20-25%. We sell 25 pairs of footwear every month, on an average. In five years, India operations will be able to earn 5-6 million pounds,” explained Newey. The CEO, however, didn’t divulge the overall revenue of the company. According to a reliable source, a typical Harrys’ store in India will be spread over 1000 square feet.
The company also sells its products online through its own e-commerce platform www. harrysoflondon.com. Harrys shoes aredesigned in the UK and manufactured in Italy.