IFC will open a line of shoes “Shoes of Russia”
15.01.2014 4526

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 ...

Latest News

LIMÉ opened a flagship in a mansion on Kuznetsky Most

The flagship store of Russian clothing retail LIMÉ opened on five floors of an old mansion built in 1903 on Kuznetsky Most Street in Moscow. The store occupied the space of the former Nike flagship. And even earlier in the 1940s. Here…
23.07.2024 38

Rendez-Vous launched cross-promotion with Ile de Beaute

Russian shoe retailer Rendez-Vous continues to launch cross-promotions with different companies from the retail sector. One of Rendez-Vous’s regular partners is the cosmetic chain “Ile de Beaute.” Two brands...
23.07.2024 62

Tom Ford changes creative director

Peter Hawkings, Tom Ford's longtime deputy who took over as the brand's creative director in 2023, has left the business, BOF writes, citing a statement from the Estée Lauder company. A successor will be announced in the "near future" -...
22.07.2024 246

Balenciaga promotes Rodeo Bag with the help of three star actresses

The advertising campaign for the luxury brand Balenciaga Rodeo Bag launched on July 18. Its main characters were three actresses - Isabelle Huppert, Kim Kardashian and Naomi...
22.07.2024 268

Adidas pulls out of sneaker campaign featuring Bella Hadid

A recently launched advertising campaign for Adidas Originals sneakers, the face of which was chosen by American supermodel Bella Hadid, unexpectedly found itself at the center of a public scandal. The ad caught the attention of the American Jewish...
22.07.2024 381
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning