The founder of the Obuv Rossii Group of Companies Anton Titov brought the share of ownership in the holding to 50%.
The press release of Obuv Rossii GC informs that the company received a notification from the main shareholder and general director of Obuv Rossii GK Anton Anton Titov that it had increased its stake in PJSC OR from 44,0198% to 50,0000%.
“I decided to increase my share in the PJSC, because I believe in the prospects for further dynamic development of the company and in the great potential of the shoe market,” commented Anton Titov. “The company is showing good growth indicators, fulfilling all the stated plans, and is ahead of schedule for increasing the retail network, strengthening market positions.” He also noted that the Russian footwear market is showing positive dynamics and, according to forecasts of the Discovery Research Group, in the medium term will grow by 4-5% per year; shoe consumption will increase. Favorable conditions have developed in the retail real estate market, where now there is a large selection of areas in advantageous places. All these factors, according to Titov, are an important basis for the further dynamic development of the company.
In 2018, Obuv Rossii sequentially implements the previously announced investment program. Over the 9 months, 122 of its own new stores were opened, the group’s retail expanded, including due to the launch of new cities in 60. At 30.09.2018, the Shoe of Russia retail chain comprised 677 outlets in 213 cities. The revenue of Shoe of Russia for 9 months increased by 11% to 7,806 billion rubles.
Obuv Rossii GK was founded in 2003, has a headquarters in Novosibirsk and an office in Moscow. The main business area of the group is the production and sale of footwear and related products. The company operates 689 stores (133 operate on a franchise) under the brands Westfalika (single-brand shoe store), Pedestrian (multi-brand shoe supermarket), Rossita (a family-friendly store), Emilia Estra and Lisette (fashion shoe stores), and also develops brands of shoes and clothes for an active lifestyle S-tep, all.go and Snow Guard and owns two shoe factories in the Novosibirsk region.
In accordance with the audited IFRS financial results of the group, in 2017 its revenue amounted to 10,8 billion rubles, net profit - 1,31 billion rubles, EBITDA - 2,74 billion rubles.
In a press release of the Obuv Rossii GK Group, it was reported that the company received a notice from Anton Titov, the main shareholder and CEO of Obuv Rossii GK, that it had increased its stake in PJSC OR from ...
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