Obuv Rossii received 500 million rubles from Absolut Bank
10.10.2014 6060

Obuv Rossii received 500 million rubles from Absolut Bank

Absolut Bank opened a non-revolving credit line in the amount of RUB 500 million to Obuv Rossii Group of Companies. and for a period of 540 days. The funds raised will be used to develop the main line of business of Obuv Rossii - retail trade in footwear and related goods - and to implement the investment program for 2014-2015. This year, the retailer also received access to credit lines from VTB, Globex, Raiffeisenbank and Banca Intesa for a total amount of 2,25 billion rubles.

In early September, Obuv Rossii placed a bond issue worth 1 billion rubles on the Moscow Stock Exchange. for a period of five years. The company also plans to place bonds worth 5 billion rubles. Since the beginning of the year Obuv Rossii has opened 116 stores, and by the end of the year it is planned to launch another 27 points. In 2014, the group launched a new shoe brand All.go, launched the Emilia Estra shoe chain and the Snow Guard outerwear chain, and completed an M&A deal by purchasing Rossita (Rossita and Lisette chains, 83 stores in total).

Absolut Bank opened a non-revolving credit line in the amount of RUB 500 million to Obuv Rossii Group of Companies. and for a period of 540 ...
5
1
Rating

Latest News

Puma has released a commercial version of the biodegradable Re:Suede sneakers

After two years of its biodegradable footwear pilot program, German sportswear and footwear manufacturer Puma has released a commercial version of its biodegradable Re:Suede sneaker...
23.04.2024 179

"Sportmaster" will launch a branded Kappa network in Russia

The Russian retailer, which is developing a multi-brand network of sports goods “Sportmaster”, is going to launch a separate retail network of the Italian brand of sportswear and footwear Kappa, the products of which are already presented in “Sportmster” stores -…
23.04.2024 159

Aquazzura opens a boutique in Saint-Tropez, France

Italian luxury shoe and accessories brand Aquazzura continues to develop its network in France. After opening its first boutique in 2022 on rue du Faubourg Saint-Honoré in Paris, the brand founded by Edgardo Osorio will open a second one at the end of April…
22.04.2024 208

IDOL updates the concept

The IDOL brand, part of the Melon Fashion Group portfolio, opened the first flagship in an updated concept in the Aviapark shopping center in Moscow.
22.04.2024 188

Fashion house Schiaparelli has released sneakers with socks in the shape of golden toes

For the first time in its history, the fashion brand Schiaparelli, revived in 2013, released sneakers. The shoe model corresponds to the style of the most surreal brand in world fashion. Schiaparelli creative director Daniel Roseberry,…
22.04.2024 353
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning