Bata India to acquire a brand soon

Footwear maker Bata India on Thursday said it will soon acquire a shoe brand in the country aimed at maintaining the annual 15 per cent revenue growth momentum.We are in talks with both domestic and international players to acquire a brand. We might acquire the brand soon, Bata India managing director Marcelo Villagran said. Though Villagran did not divulge further details of the proposed acquisition,sources said that the acquisition would help Bata India to reduce its reliance on domestic outsourcing which currently stands at 30 per cent of the total 45 million pairs footwear sells a year. The companys indigenous production at five manufacturing plants cater to 60 per cent of the total sales.