The largest Russian footwear retailer, CenterObuv, has become a loan guarantor for its subsidiary Centro.
The loan amount was $ 70 million, the loan term is 3 years, the transaction was made in the Moscow Credit Bank. For what purposes the retailer plans to spend the loan funds, the company does not specify.
The company "Tsentrobuv" is the leading chain operator of the footwear market in Russia. The retailer develops and manages stores under two trademarks, CentrObuv and Centro. In 2012, TsetrObuv opened 218 new stores. At the end of 2012, their total number was 1037 (including both networks).