Buka enters agreement to spend R140m on footwear group
Buka Investments, formerly Imbalie Beauty, has agreed to buy the Socrati Footwear Group
15 July 2022 - 17:12
Buka Investments, formerly Imbalie Beauty, has agreed to buy the Socrati Footwear Group as it aims to become a premium fashion company and make “distinct” fashion retail brands accessible to customers.
Buka will pay the owners of Socrati Footwear Group, little-known marketing and advertising group B&B Media and the Moltera Group R140m in what is the “first step in achieving” its vision, the company said in a statement on Friday...
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