Dhaka, Bangladesh (BBN)- Italian sportswear company Lotto has recently signed a ten-year licensing deal with local Express Leather Products Limited in Dhaka.
The deal will allow Express to produce, distribute and retail Lotto-branded footwear, accessories in Bangladesh from January. Lotto also plans to give the same authority for apparel to the local company later.
Commerce Minister Faruk Khan, Italian Ambassador (designate) Giorgio Guglielmino and President of Bangladesh Garment Manufacturers and Exporters Association Abdus Salam Murshedy were present at the occasion.
Lotto Sports is headquartered in the shoe district of Montebelluna of Veneto region. It sells products to over 80 countries through independent sports-article stores, chain stores and 300 mono brand stores.
BBN/SI/AD-30Nov10-1:54 am (BST)