MDM Bank increased the limit on the loan "Obuv Rossii"
15.05.2014 3557

MDM Bank increased the limit on the loan "Obuv Rossii"

MDM Bank and the Obuv Rossii retailer signed an agreement to increase the limit on the existing credit line to 500 million rubles from 300 million rubles.

The credit line for two years was opened in August 2013. It is assumed that the funds raised will be used to finance the development program of the Obuv Rossii retail network and replenish working capital. According to its investment program, the retailer plans to open 120 stores this year, investing 1,5 billion rubles.

As reported, in 2013 the company also attracted loans to Raiffeisenbank (also for 500 million rubles), Nomos-Bank (300 million rubles), Bank Intesa (150 million rubles), Bank International Financial Club (500 million rubles), Alfa-Bank (400 million rubles), Bank Globex (300 million rubles) and VTB (500 million rubles). "Obuv Rossii" develops the directions of shoe retail, shoe production, wholesale trade and franchising. The head office and production (with a capacity of 350 thousand pairs of shoes per year) are located in Novosibirsk.

Today the company's network includes more than 300 stores in 90 cities of Russia. The retailer's revenue at the end of last year amounted to 4,915 billion rubles, which is 1,4 times more than a year earlier.

In 2014 Obuv Rossii plans to increase the number of stores to 400, and its revenue to 7 billion rubles.

MDM Bank and Obuv Rossii retailer signed an agreement to increase the limit on the existing credit line to 500 million rubles from 300 million ...

Latest News

Fendi and Burberry will close boutiques in Russia

In August 2024, Fendi (part of the LVMH group) will close its last boutique in the Moscow TSUM, and Burberry in GUM, writes Kommersant, citing data from the reports of the Russian subsidiaries of these...
15.07.2024 144

Brunello Cucinelli reported sales growth of 14,1% in the first half of 2024

Italian luxury brand Brunello Cucinelli reported preliminary results for the first half of 2024, with revenue of 620,7 million euros. Sales increased by 14,1% at current exchange rates and by 14,7% excluding...
12.07.2024 563

On the most fashionable street in St. Petersburg, street retail rent increased by 1,5 times

Bolshoi Avenue of the Petrograd Side has been the main Fashion thoroughfare of the Northern capital for many years. Over the past year and a half on this street, according to the consulting company NF Group, the share of vacant space has decreased by 5 percentage points and...
12.07.2024 720

Jacquemus and Nike presented a new collaboration for the Olympics in Paris

An updated Nike Air Max 1 sneaker, a new version of the Swoosh and a capsule collection of sportswear are the result of the latest collaboration between French brand Jacquemus and American sports giant Nike. Collection…
11.07.2024 618

Shoes of the season - luxury flip-flops

Flip flops are back. Or rather, they have already returned to fashion this summer, although now they are not just rubber shoes. The trend for chic and comfort dictates its own rules. Now flip flops and other types of flip-flops must be made of natural...
10.07.2024 666
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning