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Fast Casualwear AG to Receive Order for Shoes Supplies


Monday, 21 Oct 2013 11:57am EDT 

Fast Casualwear AG announced that an European retail group have expressed their intention that FAST shall become one of the OEM suppliers for shoes. The European retail chain has over 2,000 points of sales in over 20 countries in Europe. This cooperation is expected to lead to orders on a long-term basis. It is estimated that initially the orders will be in the region of three million pairs of shoes with an estimated value of USD 30 million (approximately EUR 22 million) per year. The Company anticipates that the contract will be executed in December 2013 and believes that this is the beginning of a close and long term partnership with the European Group. 

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