The share of the "Monarch"
18.12.2012 3338

The share of the "Monarch"

The United Capital Partners fund intends to increase its share in the Monarch footwear retail chain from 36% to 80%. The deal will concern 80 stores, represented only in Ukraine, where the network is developed by the company "Monarch Retail Ukraine". In Russia, the fund owns a 36% stake in the business, the Kommersant newspaper reports. As stated in the UCP fund, the company's share of the Russian business will remain the same for now.

The UCP Fund became a co-owner of Monarch two years ago, having bought out 36% of the company. Then the retailer planned to significantly expand the network, both in Russia and on the Ukrainian market. According to the plans announced then, by 2014 the Monarch chain was supposed to increase to 400 stores (from 170). However, as the newspaper writes, referring to experts, instead of the declared growth, the brand network in Russia has almost halved. At the same time, the Ukrainian branch of "Monarch" demonstrates the growth of the network.

Monarch is a footwear retail chain in the middle and lower middle price segments in Russia and Ukraine. The brand portfolio includes the brands Monarch, ElitebyMonarch, Kaiser, Good Shoes and Wildcat. The company is the exclusive distributor of American brands Steve Madden and Naturalizer.

The United Capital Partners fund intends to increase its share in the Monarch footwear retail chain from 36% to 80%. The deal will concern 80 stores represented only in Ukraine, where the chain is developing ...

Latest News

Tamaris presented a new spring-summer collection of the NEWD premium line.

Elegant luxury – that’s what this line of the German brand can be called. The new collection includes premium models that will perfectly complete any look and become a spectacular addition…
21.05.2024 164

Sport Casual Moscow will present collections of sports and hiking shoes, clothing and equipment

The summer exhibition and presentation of Sport Casual Moscow will be held in Moscow, at the Izmailovo Alfa Hotel on June 3-5, 2024 with the support of the Ministry of Industry and Trade of Russia and the Russian Outdoor Group (Russian Outdoor…
21.05.2024 195

Jimmy Choo selects Princess Gauravi Kumari as its brand ambassador for India

Jimmy Choo is strengthening its position in India, the luxury footwear and accessories brand has attracted an Indian princess to its advertising campaign. Jaipur royal family member Princess Gauravi Kumari has been appointed Jimmy Choo India brand ambassador, writes...
21.05.2024 262

France sees a stronger leather trade surplus in 2023.

France sees leather exports grow by 6% in 2023 to reach €1 billion, while imports remain stable at €14 billion. A trade surplus of €5 billion was possible in...
21.05.2024 220

Ronnie Fieg turned Clarks loafers into sandals

The ongoing collaboration between Clarks and Kith sees the British moccasin brand launch two new sandal styles for spring/summer 2024. The new Ridgevale and Brixham silhouettes are available in four colourways...
20.05.2024 464
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning