(New York, Sep. 2, 2011): Nottevera’s shareholders have agreed to increase the company’s capital during a special meeting of shareholders held today in New York. Proceeds from the capital increase will finance the company’s expansion into selected new international markets, primarily in Asia.
"This new capital injection underlines our shareholders' unwavering commitment to build Nottevera into a global fashion brand” said Nottevera’s Chairman & CEO Sam Hinedi, adding: “The fresh funds strengthen considerably our financial profile and allow us to better capitalize on growth opportunities in promising new international markets".
Mr. Hinedi concluded: “While we are certainly cognizant of the current challenging global operating environment in the retail sector, we nonetheless feel confident that we can successfully expand our brand into new international markets by pursuing an aggressive and well controlled strategy. We have already identified such markets and expect to make some important announcements in due course”.
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