The Tecnica Group has just completed two transactions to strengthen its market position in outdoor footwear. The Italian sports group has increased its stake in Lowa from 60 percent to 75 percent, purchasing the new shares from the family of Renzo Castellani, the owner of a company, Riko Sport, that has been manufacturing exclusively Lowa shoes since 1992. Tecnica has also bought 100 percent of Castellani's shares in Riko, whose factories are in Slovakia. The remaining 25 percent of Lowa remains in the hands of its former chief executive, Werner Riethmann. Last year, Riko posted an Ebitda margin in excess of 10 percent on sales of €110 million. More in our Outdoor Industry Compass.

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