Another Spanish shoe company goes into administrat - footwearbiz: Lead

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Another Spanish shoe company goes into administration

23/10/2019
A month after Elda-based footwear manufacturer Paco Herrero went into administration, reports from Spain indicate that Seville-based women’s fashion footwear retail group Marypaz has suffered the same fate.

Marypaz received €30 million in investment in 2016 from Barcelona-based venture capital firm Black Toro Capital, with the finance company taking a 60% stake. At the time, Marypaz was a family-owned business with sales of around 6 million pairs of shoes per year and annual revenues of close to €100 million.

Founded in 1972, Marypaz has more than 220 stores across Spain, plus a presence in Portugal, France, the United Arab Emirates, Morocco, Egypt, Guatemala, Honduras and the Dominican Republic. It employs 1,300 people.


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Shoe company in Spain goes into administration 27/09/2019

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