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 shoe manufacturer and one of the largest shoe retailers in the Russian Federation. As noted in the company's press release, at present one of the main tasks of the Group is to build high-tech modern shoe retail, the shoe store of Russia continues to expand. Currently, it has more than 500 points. In addition to this, as we wrote earlier, the company plans to build two factories in the village of Linevo, Novosibirsk Region.
Group of companies Obuv Rossii Founded in 2003, the head office is located in Novosibirsk. The main business area is the production and sale of footwear and related products. It develops five shoe chains: Westfalika (a single-brand classic shoe store), Rossita (a family-friendly store), Emilia Estra and Lisette (fashion shoe stores) and Pedestrian (a multi-brand shoe supermarket), as well as brands of shoes and clothes for an active look lives of S-tep, All.go and Snow Guard. The Shoe of Russia shoe network currently has more than 500 stores in more than 140 cities. The Group's revenue for the first half of 2017 amounted to 4 million rubles. The company has online stores westfalika.ru, westfalika-home.ru, emilia-esta.ru, rossita.com.