At meeting held on 23 July 2014
Liberty Shoes announced that the Board of Directors of the Company at its meeting held on 23 July 2014, inter alia, has observed the following:1. The Company's plan to restructure its operations by consolidating the business available from group concerns under franchise arrangements is under active consideration.
2. The Company has bagged major Institutional order worth Rs 48 crore approx. and the supplies will now be made in the second quarter, although part of which were earlier planned in the first quarter which affected the sales targets.
3. The Company has added 21 new exclusive stores in Company Owned & Company Operated (COCO) & Franchise format and plans to add 20 more new exclusive stores in second quarter also. The Company in this quarter has witnessed growth of over 14% in its own stores.
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