Ferragamos shoes and other shoes made by the Italian-based shoe maker Ferragamo are being made in Japan as part of a $7 billion plan to revive the country’s economy and make shoes in China.
The move is the latest attempt to boost the countrys economy after the collapse of global financial markets in September.
In an interview with Bloomberg, Ferragamo Chief Executive Francesco Colombo said the company is looking to invest in China, where it has a significant stake.
The plan has been in the works since late 2016, and the company says it will invest in the Japanese market to build the local shoe market.
It has already signed a deal to manufacture shoes in the country, Colombo told Bloomberg.
Ferragamus shoes have a leather upper and a leather toe cap, a design that has been a staple in the footwear market for decades, according to Ferragamus.
They are often used in China and India, where Ferragamas shoes are sold under its brands including Ferragamon and Fauche, the company said.
The company will sell shoes in 10 markets across China and Japan in 2018, including China and the southern Indian state of Kerala.
It plans to add the U.S. market in 2019, and expand to Europe in 2020.