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Private equity’s interest in footwear continues as CITIC buys Akakura

21/10/2015

Japan’s Akakura has become the latest footwear company to be bought by a private equity firm. CITIC Capital Partners Japan will continue to operate 60 profitable stores, which are expected to grow in the coming years. Masahiro Yamada, a footwear specialist, has been appointed as CEO to lead the 60-year old company’s restructuring process. The...

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