New owner in prospect for Czech Republic’s ‘sole survivor’, Prestige
12/09/2002
Tomorrow marks the closing date for bids for the Czech Republic’s renowned ‘Prestige’ brand of ‘no-frills’ sneaker.
Together with its associated factory in the town of Zlin plus two other shoemaking plants, the brand is being sold by the bankrupt shoemaker CEBO, which was itself created from the ashes of the folded footwear company, Svit. CEBO was declared bankrupt in April 2002 following the loss of a crucial order from the US footwear giant,Timberland.
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