Russian group seeks to raise new funding
12/08/2020
Russian footwear group Obuv Rossii has launched a public offering of shares in an attempt to raise around $40 million in new funding.
Obuv Rossii said it would use the money to help it put in place new business model that includes its retail network and online platforms.
At the start of August, the Novosibirsk-based group had 850 stores in different parts of Russia.
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