Buka Investments Announces The Acquisition Of Socrati Footwear Group
Buka Investments Announces The Acquisition Of Socrati Footwear Group. Buka Investments has announced that it has acquired all the shares in Caralli Leather Works (Pty) Limited and Socrati Footwear (Pty) Ltd (collectively ‘the Socrati Group’) from B&B Media (Pty) Limited and Moltera Group (Pty) Limited for R140 million.
Buka intends becoming a premium fashion company that aspires to make accessible distinct fashion retail brands to consumers, procured internationally and locally, manufactured with sustainability, community upliftment and quality at its core. The acquisition of the Socrati Group is the first step in achieving the above vision. Socrati currently has five stores located in Gauteng at Nelson Mandela Square in Sandton, Hyde Park Shopping Centre, Cedar Square in Fourways, Brooklyn Mall in Pretoria, an outlet store in World Wear shopping centre off Beyers Naude Drive as well as an on-line store.
Socrati also plans to open a further 5 stores in the next few months. Caralli manufactures hand-made high quality leather shoes in a factory situated in Denver, Johannesburg. It manufactures shoes for well known third party brands as well as manufacturing shoes for Socrati. SOCRATI is an exclusive ladies and mens store specialising in footwear, ladies handbags and accessories for both men and women. We import fashion footwear from the catwalks of Italy, Greece, Spain, Turkey and Brazil for the fashion conscious individual. We are located in Johannesburg at Nelson Mandela Square, the exclusive Hyde Park Shopping Centre, at the up and coming new mall Cedar Square as well as Brooklyn Mall in Pretoria.
Buka Investments formerly known as Imbalie Beauty is a leading beauty and wellness solutions group, with its focus primarily on the development and transformation of people working in our group through ongoing education and the development, growth and innovation of our own skin care product brands, being Placecol and Skinderm.
