Foot Locker set for entry in India, signs deal with Metro Brands, Nykaa

US footwear and sportswear retailer Foot Locker said on Wednesday it will enter the Indian market in 2024 under a deal with Indian peer Metro Brands and cosmetics-to-fashion retailer Nykaa.

Metro Brands, which has over 700 stores across India, will exclusively own and operate Foot Locker stores in the country, selling offerings of the New York-based firm that retails footwear brands including Nike and Adidas.

Nykaa Fashion, owned by…