M&S To Source Shoes From India
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Marks & Spencer has made India its source for a fourth of its shoe stocks. This requirement of footwear is now being sourced through Graziella Shoes, a 50:50 joint venture between Tata International and Pucci Dante of Italy.
According to Tata International, Graziella's main customers are Clarks and Marks & Spencer. Nearly 25 per cent of the global purchase of men's shoes of Marks & Spencer is now sourced from Graziella.
Its manufacturing unit located in the Chennai export processing zone caters mainly to the UK market.
The company has been exporting high-quality and fashionable leather products across the world for the last 25 years. Tata International in recent years entered the domestic footwear market under the brand name Stryde.