Sol Sana seeks partners for Asia expansion
Australian women’s leather footwear label Sol Sana is seeking investment partners in Asia to support its international expansion.
The company has appointed R3D Global as its strategic investment relations adviser and aims to secure further distribution networks and sales agents in Asia.
It has also appointed Primer Group of Companies to manage its distribution into the Philippines, and already has distributors in China, Japan and South Korea.
“We have seen a growing demand for our footwear over the past few years in Asian markets,” says CEO Michael Shandler. “The time is right for us to bring in new partners to help take our brand to the next stage of development. Our continued expansion to Asia is key to the company’s continued international strategy.”
He says Sol Sana plans to double its sales in Asia in the next three to five years through both online and retail stores.
Founded six years ago, Sol Sana has a focus on minimal designs, craftsmanship, leathers and environmentally friendly materials. As well as online, its footwear is available in departmental stores such as Bloomingdales and Nordstrom in the US, Robinsons in Singapore and Harvey Nichols in Hong Kong, as well as independent retail stores.
With a presence in 22 countries, the brand earlier this year appointed sales agents in five European countries.