IFC will open a line of shoes “Shoes of Russia”
15.01.2014 5576

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

Stuart Weitzman opens Shanghai store at Plaza 66

New York-based premium footwear brand Stuart Weitzman opened a store in a prestigious Shanghai shopping mall and launched a major international campaign in support of its signature model, the 50/50 boot. The store opening featured a new global…
11.09.2026 475

Inventive Retail Group announced the launch of a new loyalty program.

Inventive Retail Group announces the launch of the EGO Privilege Club – a new loyalty program for its customers that unites all restore companies: Samsung Galaxystore, Street Beat, AMAZING RED, Hiker, Mir Kubik, and…
10.09.2026 625

St. Petersburg footwear brand ANKI Team has released sneakers in collaboration with SIBUR.

Local footwear brand ANKI Team released a sneaker collection in collaboration with Kazan-based Russian petrochemical holding company Sibrur. For the footwear brand, the collaboration marks the launch of a series of sneakers dedicated to cities…
09.09.2026 868

The top ten countries by footwear consumption in the world according to APICСAPS

The Portuguese Association of Footwear Components and Leather Goods Manufacturers APICСAPS has compiled a ranking of the leading countries in terms of footwear consumption in 2025…
09.09.2026 789

China has threatened France with retaliatory measures over pressure on Shein and Temu.

China is demanding that France stop implementing a recently passed law targeting ultra-fast fashion companies such as Shein and…
08.09.2026 982
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning