Decathlon to invest $130 mln

To invest $130 million as FIBP clears proposal.



Decathlon, the French sports goods retailer, is all set to invest $130 million as its proposal of opening up retail chain in India gets FIPB nod. The brand looks at bringing products which are rarely available in India especially when it comes to water sports including advanced scuba diving equipment. Currently present in the country as a cash-and-carry or wholesale operator, Decathlon’s proposal included retail chain operation, similar to how it operates in 20 other countries across the globe. One of world’s largest sports goods retailers, Decathlon has its annual revenue estimated at over euro 6.5 billion. It has around 600 stores across the globe and is known for the large formats spread over 4,000 sq m and also for experience areas in various sports like soccer, badminton, tennis and basketball. The brand is the first international player that aims to go in regular retail in India.