Soho
Obuv Rossii received 500 million rubles from Absolut Bank
10.10.2014 5795

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

Brunello Cucinelli launches its own line of fragrances

The Italian brand of clothing, shoes, bags and accessories Brunello Cucinelli continues to expand its range. After adding a line of glasses, the brand presents the first line of fragrances for men and…
29.03.2023 59

Ekonika relaunched its online store

The footwear and accessories chain Ekonika has relaunched its own online store operations with a new fulfillment provider, ProFashion Solutions.
29.03.2023 66

The Museum of Moscow and Trend Island department store organize a series of fashion events

In the Russian capital as part of the exhibition “House of Models. Image Industry” The Museum of Moscow and Trend Island department store will hold a series of events “Rethinking Fashion”. Theater and film costume designers, fashion editors, restorers and fashion researchers…
29.03.2023 63

CDEK.Shopping has included luxury sneakers in its range

CDEK.Shopping offers unique limited-edition designer sneakers from Nike, Adidas, Reebok, New Balance and Asics on its platform. Prices for some models reach up to 2,8 million rubles. Shoes are shipped from…
28.03.2023 195

Beyoncé ends her partnership with Adidas and starts with Balmain

American singer Beyoncé and German sportswear giant Adidas have announced the end of a partnership that began in 2018. As part of the partnership, Beyoncé relaunched her Ivy Park sportswear line and also designed…
28.03.2023 190
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning