The partnership aims at transforming the sneaker segment in India, and address the evolving needs of next-gen customers. Under the terms of the agreements, MBL is granted exclusive rights to own and operate Foot Locker stores within India and to sell authorized merchandise in Foot Locker stores whereas Nykaa Fashion will serve as the e-commerce partner and operate Foot Locker's India website and retail authorized merchandise on Foot Locker branded shop on Nykaa’s existing e-commerce platforms.