Russia's Obuv Rossii plans $62 million IPO

10/30/2013 | Bloomberg Businessweek

Russian shoe retailer Obuv Rossii plans to go public, possibly before the end of the year, selling up to 25% of the company's shares to raise funds for expansion, CEO Anton Titov said Wednesday. The retailer, which operates stores under the Westfalika banner, aims to grow from 260 stores to 640 by 2017 in its quest to become the country's leading seller of mid-priced footwear.

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