Shoes for Prada and Gucci to be manufactured in Sombor, a town in northern Serbia
The Italians bought the land lot for RSD 460 per square meter
The Italian company Progetti has purchased three parcels of land in the Sombor Industrial Zone, where it will build new plants producing footwear parts.
Last month, councilors in the Sombor City Assembly made a decision to sell a 4.3-hectar land lot in the Industrial Zone, block 103, following a letter of intent from the company to build a shoe manufacturing complex there.
Based on that decision, the Italians bid three parcels of land - covering 11,732, 5,584 and 26,754 square meters - at an initial price of 20,272,200 Serbian dinars (RSD) - or 460 dinars (3.9 euros) per square meter.
The company was founded in 2001 by the brothers Roman and Enrico Rossi, manufacturing semi-finished products (upper parts of footwear) and finished footwear for some of the world's largest fashion brands, such as Gucci and Prada.
Progetti already has three manufacturing facilities in Serbia: in Sombor, in the north of the country, in Vladimirci (near Sabac, in the west) and in Vrsac, eastern Serbia.
The company previously purchased a nother land lot in the Sombor Industrial Zone, where it started making footwear for many world-renowned brands.
Prada's products are already produced in Serbia, in the Vrsac plant - about 75,000 pairs of shoes a year. From there, the shoes are distributed worldwide under the "Made in Serbia" label.
The Italian company also makes shoes and shoe parts for Gucci, Louis Vuitton and some other well-known brands - meaning that shoes and sneakers made by Serbian workers are sold on the shelves of European stores for a lot of money.