Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build a stronger network in the country, which currently includes 223 retail stores, 61 of which will be Skechers owned and operated while the remaining are third-party owned. An additional 80 to 100 stores are scheduled to be open by the end of 2019, of which around 20 will be company-owned and company-operated. The Skechers India subsidiary will continue to operate under its existing structure and from its current headquarters in Mumbai.