Soho
IFC will open a line of shoes “Shoes of Russia”
15.01.2014 4121

IFC will open a line of shoes “Shoes of Russia”

Bank International Financial Club (IFC) will open Obuv Rossii LLC a credit line with a limit of RUB 980 million for a period until December 2019.

According to Interfax, the loan is provided against government guarantees and will be used to implement a project to create a shoe factory in Cherkessk.

“The loan is large, so we would not have received it without the state guarantee. On December 30, the Ministry of Finance of the Russian Federation signed an agreement on the provision of state guarantees for the implementation of the investment project, ”said a company representative.

Let us remind you that Obuv Rossii plans to create a modern shoe production in Cherkessk with a capacity of 1 million pairs of shoes per year. The volume of investments is 1,4 billion rubles, commissioning is planned for 2014. The footwear will be produced under the Westfalika brand and sold in the Obuv Rossii chain, which has more than 250 stores in over 80 Russian cities.

Bank International Financial Club (IFC) will open Obuv Rossii LLC a credit line with a limit of 980 million rubles for a period until December 2019 ...
5
1
Rating

Latest News

Export of leather and footwear products to Russia from Uzbekistan in 2022 increased by 61%

According to the Uzcharmsanoat association, over the year, exports of leather and footwear products from Uzbekistan to Russia increased by 61% and reached $82,5 million in 2022. And next year, the association predicts an increase in exports of these products to Russia to…
05.12.2022 136

Camper launches regenerative wool Wabi slippers

Spanish brand Camper celebrated the 22nd anniversary of its Wabi slippers with a limited edition collection of regenerative wool slippers made in Mallorca.
05.12.2022 124

Pantone names 2023 color of the year

The Color of the Year 2023 is “powerful, fearless, inspiring” as Pantone 18-1750 Viva Magenta Carmine Red is described. Its other name is “new vibrating ...
03.12.2022 309

Fila collaborates with Haider Ackermann

South Korean company, manufacturer and supplier of sportswear Fila has released a collaboration with French designer of Colombian origin Haider Ackermann. The capsule includes men's and women's clothing (colorful leggings,…
02.12.2022 356

Pakistan ramps up shoe exports

Footwear exports from Pakistan increased by 2022% between July and October 82, a year-on-year growth of 31%, while leather exports increased slightly, according to the Pakistan Bureau of Statistics (PBS)…
02.12.2022 364
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning