Obuv Rossii GC announces IPO Photo: Shutterstok.com
26.09.2017 3180

Obuv Rossii GC announces IPO

The major Russian shoe manufacturer and retailer Novosibirsk, Obuv Rossii, announced its intention to conduct an initial public offering (IPO) on the Moscow Exchange. The group expects to raise $ 100 million, according to Vedomosti.

According to the company's forecasts, according to the IPO results, the share of Obu Rossii shares in free float will be about 40%. The planned volume of attraction is about $ 100 million. The funds received from the IPO will go “to increase its retail network, develop distribution channels and supplies, as well as other corporate goals,” the Obuv Rossii state company said in a statement. The organizers of the transaction are Citi, Renaissance Capital, BCS and Sberbank.

Earlier, Obuv Rossii registered an additional issue of 42,4 million shares, which is about 60% of the share capital at the moment.

Novosibirsk Obuv Rossii Group of Companies, a large Russian footwear manufacturer and retailer, announced its intention to conduct an initial public offering (IPO) on the Moscow Exchange. The group expects ...
5
1
Rating

Latest News

Lamoda has expanded the range of its premium brand Grate.

Now, the marketplace's private label footwear and accessories collection has been expanded to include clothing lines for men and women. The "When the Sun Goes Down" collection reflects the search for individual style and inner freedom amidst the ever-changing…
16.02.2026 221

Saks Global will close nine stores as part of a strategic network optimization.

The luxury department store group, which filed for bankruptcy in January 2026, will close eight Saks Fifth Avenue stores and one Neiman Marcus store as part of a plan to restructure and streamline its network, writes…
13.02.2026 511

Parallel imports of Adidas have been banned in Russia.

Rosaccreditation has revoked at least 10 certificates of conformity for authentic sneakers and clothing from the German brand Adidas. Therefore, their sale in our multi-brand stores is now prohibited. Nike, Reebok, Puma, and others are next in line…
13.02.2026 850

Paul Andrew unveils a new take on luxury footwear

Paul Andrew, who stepped down as creative director of Sergio Rossi last month, is focusing on promoting his own brand. The designer unveiled the Paul Andrew Spring 2026 campaign, emphasizing footwear featuring…
13.02.2026 708

EKONIKA has released a polka-dotted spring capsule collection.

EKONIKA is delighting us with another exciting project. The brand has unveiled a new spring capsule collection of Moving Dots footwear and accessories. The capsule is dedicated to one of the most recognizable prints of the 50s and a key trend of the season—the graphic polka print.
12.02.2026 685
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning