Obuv Rossii gathered at IPO
08.09.2017 3056

Obuv Rossii gathered at IPO

Obuv Rossii GC plans to hold an initial public offering (IPO) by the end of the year, within which it can offer investors more than 30% of the shares, RIA Novosti reports, citing a source close to the company.

The Obuv Rossii Group of Companies is a Russian footwear manufacturer and one of the largest footwear retailers in the country. As noted in the company's press release, one of the Group's current primary goals is to build a high-tech, modern footwear retail chain. The Obuv Rossii store chain continues to expand, currently numbering over 500 locations. Furthermore, as we previously reported , the company plans to build two factories in Linevo, Novosibirsk Oblast.

The Obuv Rossii Group of Companies was founded in 2003 and is headquartered in Novosibirsk. Its core business is the production and sale of footwear and related products. It operates five shoe chains: Westfalika (a single-brand classic shoe store), Rossita (a family-friendly store), Emilia Estra and Lisette (fashionable shoe stores), and Peshekhod (a multi-brand shoe supermarket), as well as the S-tep, All.go, and Snow Guard brands of footwear and clothing for an active lifestyle. The Obuv Rossii shoe chain currently comprises more than 500 stores in more than 140 cities. The Group's revenue for the first half of 2017 amounted to 4,141 million rubles. The company operates online stores at westfalika.ru, westfalika-home.ru, emilia-esta.ru, and rossita.com.

Obuv Rossii GC plans to conduct an initial public offering (IPO) by the end of the year, within the framework of which it can offer investors more than 30% of shares, RIA Novosti reports, with ...
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