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Alpina sold to Czech company K&H

The Bank Assets Management Company (BAMC) announced it had sold its outright stake in footwear maker Alpina to K&H, a Czech company that is part of the Franco de Poisd’eau & CIE group, for an as yet undisclosed amount reported to be EUR 20 million.

The buyer has been picked not just because it submitted the best financial offer but also because of a thorough development strategy, BAMC said. The new owner has already presented its plans to the management and workers as it announced that it will focus on restructuring improvements in production and sales, and the development of the Alpina brand.

By: P.T., STA

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