OSSIA INTERNATIONAL LTD (O08.SI) Share Price

In 1982, the executive directors with their experience in shoe-designing and shoe-making, started a business partnership, De Classici Shoe Manufacturer. The partnership grew quickly to manufacture private labels for department stores and specialty stores in Singapore as well as the region. In 1990, with the incorporation of Ossia Intl Ltd to take over the existing business of Ossia Trading Co, the footwear, bags and accessories business was extended to include sporting goods and accessories. The Group has facilities in Malaysia, Australia and Taiwan. In 1997, it brought over Millie Co Ltd, a leading footwear retail chain and the Group's major customer in Hong Kong. In 1999, Ossia made a move into the internet business. It incorporated Tobicus Investment Pte Ltd which will act as a holding company to invest in internet companies. Subsequently Ossia and Tobicus transferred their investments to Internet Technology Group Ltd, after which it was listed on the SGX-ST. Today, Ossia has transformed from a footwear manufacturer to a regional distributor and retailer of lifestyle products in footwear, fashion apparel, sporting goods, golf, bags and accessories in Asia Pacific. Through its marketing efforts and distribution, Ossia has secured exclusive distributorship of 30 well-known international brands like Elle Paris, Elle Sports, Elle Active, Elle Petite, Bodymaster, And 1, Prince, Mizuno sports, Spank, Keds, Sperry Top Sider, Bridgestone Golf, Kasco Golf, Bally Golf, PRGR Golf, Sword Golf, Hedgren, Tumi, Columbia, Acegene, Progres, Playboy, Diesel, Levi’s, Kangol, Hush Puppies, Scholl, BCBG, Nina, Vago and Millie’s. Ossia extends its product offerings in six regional markets namely Singapore, Malaysia, Australia, Taiwan, Hong Kong and China, with a distribution network in excess of 2,000 channels/outlets, spanning 90 cities across the Asia Pacific. The Group currently has 44 owned stores, 172 shops-in-shops, and 19 franchise stores in footwear, apparel, bags and golf.