Shoe group emerges from administration with new owne - leatherbiz: Lea Leatherbiz

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Shoe group emerges from administration with new owner

29/11/2019
A buyer has emerged for Spanish footwear group Marypaz. The Seville-based shoe manufacturer and retailer went into administration at the end of October following a decision by then-majority shareholder, investment group Black Toro, not to continue funding the company’s operations.

On November 29, news emerged that business figure Álvaro Pellón had acquired 100% of the company’s capital. As a result, sources in Spain say that the group’s 700 employees will keep their jobs.

Marypaz runs a network of 125 shops across Spain and runs its own production facility and logistics hub. In addition, the Aguaded family, founders of the group, will continue to run it.



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