The brand of premium sandals recently acquired by investment fund L Catterton and Financière Agache, announced its intent to invest 100 million euros in the expansion of its productive chain. 50 million euros will be destined for the modernisation of its largest factory, in Görlitz, east Saxony, where cork sandals are produced and 1,900 people are employed. A further 50 million euros will be invested in the construction of a new factory focused on the production of synthetic sandals in west Germany. The aim is to reinforce the growth of the brand, which in 2019, achieved a revenue of around 720 million euros and net income of 130 million euros, with a similar level of revenue generated in 2020, despite two months of factory closures.