Apex Footwear
Apex Group · Bangladesh
Apex Footwear is a Bangladeshi shoemaker and retailer founded in 1990 by Manzur Elahi as part of the Apex Group. It manufactures leather shoes for international retailers and runs a large chain of shoe stores in Bangladesh.
| Founded | 1990 |
|---|---|
| Founder | Manzur Elahi |
| Group | Apex Group |
| Factory | Gazipur, Bangladesh |
| Listing | Dhaka Stock Exchange |
| Website | apexfootwearltd.com |
What is Apex Footwear?
Apex Footwear is one of Bangladesh's largest shoe companies, combining export manufacturing with a domestic retail network. It belongs to the Apex Group and is listed on the Dhaka Stock Exchange.
History
The business was founded in 1990 by Manzur Elahi, founder-chairman of the Apex Group, growing from a leather supplier into a shoe manufacturer. From 1996 it traded as Apex Adelchi, reflecting an Italian collaboration, and it went public in 1993. His son, Nasim Manzur, later led operations as managing director.
Products and positioning
Apex makes leather footwear at its main factory in Gazipur district, north of Dhaka, and through a joint venture factory, Blue Ocean Footwear. It also runs a product development centre in Taiwan. In 2014 the company exported shoes to around 130 retail customers in 40 countries, including Macy's, JC Penney, ABC Mart and Deichmann.
Distribution
At home, Apex sells through a chain of several hundred outlets across Bangladesh, making it one of the country's leading shoe retailers. Its factory holds gold certification from Worldwide Responsible Accredited Production.
Why it matters
Apex is a key example of Bangladesh diversifying beyond garments into footwear exports.
Frequently asked questions
Who founded Apex Footwear?
Apex Footwear was founded in 1990 by Manzur Elahi, founder-chairman of the Apex Group.
Where is Apex Footwear from?
Apex Footwear is from Bangladesh, with its main factory in Gazipur near Dhaka.