Fly London founder uses anniversary to make two key announcements
04/06/2014
Mr Frederico had a tough start in life. His father died just 15 days after he was born and he was brought up by nuns in an orphanage. “I wanted for nothing,” he has said. “One of the nuns was like a second mother to me.”
When he left school and had to find a job, he went to work for footwear manufacturer Campeão Português. He started off sweeping the factory floor, but soon began to dream of having his own shoe company, a dream that he turned into reality. Kyaia employs more than 600 people and last year turned over €56 million.
Fortunato Frederico used the special anniversary celebration to make two key announcements. First, he said he would invest €10 million in a company expansion programme, aiming to increase the workforce by 300 and to double sales over the next 10 years.
He followed this up with an announcement that he will create a new charity foundation that will work in partnership with experts from Minho University to carry out research into bipolar disorder.
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