Mumbai (Maharashtra) [India], September 21 (ANI/NewsVoir): Mochi Shoes, the sub-brand of Indian footwear retailer Metro Brands, has launched its new sustainable shoes collection titled 'Ecoz'.
Mochi's Ecoz collection is made from recycled PET bottles.
Metro Brand's strong understanding of evolving consumer preferences has enabled it to create and grow its brands. With the launch of Mochi's 'Ecoz' collection, the company has introduced sustainability by using eco-friendly material to manufacture its footwear. 'Ecoz' collection boasts stylish shoes for men made from plastic obtained from discarded PET bottles that is converted into recycled yarn which, in turn, is converted into fabrics.
"We thought about what we can do as a brand to be more sustainable and came up with this idea to make shoes from recycled plastic. We believe that by recycling the present, we can save the future. The shoes from the Ecoz collection are all about loving the planet so let's be awesome and save the planet together," said Alisha Malik, VP Marketing and Ecommerce Metro Brands Ltd.
Mochi is known for its stylish footwear. Shoes from the Ecoz collection are priced at Rs. 2890/- and are versatile enough to be worn for travel, work, date nights and everything in between.
Mochi's Ecoz collection will be available in 100+ stores across India. Customers can browse through their favorite footwear on www.mochishoes.com/sustainable
All Mochi stores have been following the government issued safety measures to ensure that your shopping experience is not compromised.
Be Awesome and Let's Save the planet together.
Metro Brands Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus ("DRHP") with the Securities and Exchange Board of India. The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Axis Capital Limited at www.axiscapital.co.in, Ambit Private Limited at www.ambit.co, DAM Capital Advisors Limited (Formerly IDFC Securities Limited) at www.damcapital.in, Equirus Capital Private limited at www.equirus.com, ICICI Securities Limited at www.icicisecurities.com and Motilal Oswal Investment Advisors Limited at www.motilaloswal.com respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws.
Accordingly, the Equity Shares are being offered and sold (a) in the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from the registration requirements of the U.S. Securities Act, and (b) outside the United States in offshore transactions as defined in and in compliance with Regulation S and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering in the United States.
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