New Delhi, April 16: Progressive Footwear has announced the acquisition of brand rights for ‘Lakhani Platinum’, the premium footwear line from the renowned Lakhani Group. This strategic move marks a significant development in India’s evolving footwear landscape, bringing together legacy brand equity with new-age growth capabilities.
With a legacy of over five decades, Lakhani has been a trusted household name in India, known for its scale, reliability, and accessibility.
Lakhani Platinum represents the brand’s premium extension—crafted for aspirational consumers seeking a blend of elevated design, comfort, and value.
Under this partnership, Progressive Footwear will lead the brand’s growth, distribution, and go-to-market strategy across India, leveraging its extensive network of over 900 distributors and 45,000+ retailers. This strong on-ground presence is expected to significantly accelerate market penetration, especially across Tier 2 and Tier 3 markets.
Commenting on the development,
Parveen Jagga, Founder, Progressive Footwear, said:
We see a strong opportunity to build on Lakhani’s legacy and scale Lakhani Platinum into a premium yet accessible brand through AI-led demand planning, deeper distribution, and stronger retailer and distributor engagement, targeting 5x growth over the next 3–5 years.
Mr. P D Lakhani Chairman Lakhani Group added,
“We are pleased to partner with Progressive Footwear for Lakhani Platinum. Their forward-looking approach and strong understanding of new-age retail and consumer dynamics make them the ideal partner to lead the brand into its next phase of growth.”
India’s footwear market, estimated at ₹90,000–1,00,000 crore, is undergoing rapid transformation, driven by rising disposable incomes, increasing premiumisation, and the growing penetration of organized retail alongside e-commerce and omnichannel consumption. Against this backdrop, Jagga Footwear’s acquisition positions Lakhani Platinum to capitalize on these trends and strengthen its presence in the mid-premium segment, while also reflecting a broader industry shift toward collaborations between legacy brands and agile, technology-led operators.
