Metro Brands completed the acquisition of Cravatex for $25m.

Metro Brands, a footwear retail chain, completed the acquisition of Cravatex, a retail, brand licensing, distribution and sourcing company, for $25m. "This acquisition fits our strategic vision at Metro Brands Ltd to leverage our expertise in brick and mortar and e-commerce retail while serving the growing need of the consumer in the sports and athleisure category. We are truly committed to our vision to be India's largest specialty footwear and accessory retailer. With this acquisition, we look forward to elevating the sportwear landscape in India," Nissan Joseph, Metro Brands, CEO.