Skechers Enters Joint Venture to Expand in Belgium and Luxembourg
Partnership with Multi-Flagship Group to Accelerate Growth in the Region
Skechers, USA Inc., the global leader in the lifestyle and performance footwear industry, today announced a joint venture with Multi-Flagship Group (MFG) to expand its presence in Belgium and Luxembourg. This strategic partnership will enable Skechers to further strengthen its position in Europe and provide enhanced experiences for consumers in these key markets.
Key Highlights of the Joint Venture:
- MFG will become the exclusive distributor for Skechers in Belgium and Luxembourg.
- The joint venture will initially operate 18 stores, with plans to expand the retail network over time.
- MFG will leverage its extensive retail expertise and market knowledge to drive Skechers' growth in the region.
"We are excited to partner with Multi-Flagship Group to accelerate our expansion in Belgium and Luxembourg," said Michael Greenberg, President of Skechers. "MFG's deep understanding of the local markets, combined with their proven track record in retail operations, will be instrumental in driving our growth and providing our customers with exceptional experiences."
MFG, a leading retail group with over 50 years of experience, operates a portfolio of renowned fashion and lifestyle brands across Europe. The company's expertise in retail management, brand building, and consumer engagement will be invaluable in supporting Skechers' growth in the region.
"We are thrilled to join forces with Skechers, a global powerhouse in the footwear industry," said Olivier Abate, CEO of MFG. "Our partnership will bring together our shared commitment to innovation, quality, and customer satisfaction. We look forward to working closely with the Skechers team to unlock the full potential of the brand in Belgium and Luxembourg."
The joint venture is expected to have a significant positive impact on Skechers' financial performance and strategic growth objectives in Europe. The partnership with MFG will enable the company to expand its distribution channels, increase its brand visibility, and provide enhanced products and services to consumers in the region.
