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. Last Updated: 07/27/2016

MTB Gets U.S. Shoe Deal

Russia’s MTB Group plans to open U.S. footwear seller Brown Shoe’s Naturalizer stores in Russia and Ukraine, MTB’s marketing chief said Tuesday.

MTB, which runs 200-store footwear chain Monarch, has a distribution contract with Brown Shoe under which it can develop the Naturalizer chain separately while also selling the U.S. firm’s shoes through its own chain.

Yelena Petrova, marketing director of MTB, said the company planned to open at least 10 Naturalizer stores within the next two years — five in Russia and five in Ukraine.

(Reuters)