There’s no business like shoe business
The shoe manufacturing industry is one of the ancient and major industries of Pakistan which produces high quality finished products and has a greater potential to grow. Whether it be to capture skills and expertise they feel is lacking from in their business, to gain a greater foothold in a specific geographical market, or to simply boost their revenue, companies and fashion groups have realized how beneficial adding a footwear brand to their portfolio can be for example, Michael Kors is one group with ambitions to become a global luxury powerhouse. Its first move was into footwear. At the end of 2017, it bought UK based luxury shoe brand Jimmy Choo for around $1.35 billion as it believed incorporating Jimmy Choo would give the group “greater exposure” in global markets.
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