Shoe brand goes to Nxchange

Shoe brand Van Lier, best known for men’s dress shoes, will be listed on the alternative exchange Nxchange from today. The listing will raise €5 million for the Breda-based family business, which dates back to 1815. It plans to use these funds to expand abroad and strengthen its online marketing activities. The aim is to reach younger customers and to highlight the new women’s collection. In order to preserve the family character of the company, the listing involves only the issue of non-voting shares.