Italian sportswear company Lotto has recently signed a ten-year licensing deal with local Express Leather Products Ltd in Dhaka.
\nThe 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\u00a0company\u00a0later.
\nCommerce 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.
\nThe minister said it is a win-win situation for the country as Lotto spread its market here and the local partner can benefit from technology transfer.
\n\u201cI hope Lotto will sponsor the local football and other sports team to develop the standard of games.\u201d
\n\u201cWe consider Bangladesh and important emerging market with great potential in the Asian region,\u201d said Luca Tomat, business unit director Asia Pacific of Lotto Sports Italia.
\nTomat said Lotto started business in Bangladesh with a target of grow-ing at a rate of 22 percent in the Asia Pacific region.
\nKazi Jamil Islam, managing direc-tor of Express Leather, said: “I’m confident that the relationship with Lotto will be fruitful.”
\nKazi Salahuddin, president of Bang-ladesh Football Federation,
\nalso spoke.
\nLotto 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.<\/p>\n

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Courtesy of The Daily Star<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Italian sportswear company Lotto has recently signed a ten-year licensing deal with local Express Leather Products Ltd 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<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n