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Business Management analysis

Drip sneaker owner is in big mess

Drip sneaker is regarded as South African local sneaker brand which is making its way on top of the shelves. One can confidently say that this sneaker is amongst top three most loved sneakers in South Africa with so many people buying them each and everyday.

Now the drip stores are found in almost each and every year, and that is a massive achievement because the sneaker only has less than two years in market.

Unfortunately now the owner find himself in a big mess and that involves his business.

Popular republic of South African sneaker brand Drip has been muddied by a share-ownership battle between its founder and a Pretoria investor.

The Pretoria investor wants a third of Drip sneaker business after he had reportedly paid Freddy Lekau Sehoana who's the owner of Drip more than half a million for a loan of R45 700 some years back.

Because Mr Freddy Lekau Sehoana failed to keep his promises, now Alfred Mashiya has dragged the footwear architect and his company Drip Footwear to the Joburg High Court to demand that he transfer 34% of the company’s shares to him as credit made up.


Content created and supplied by: Mukona94 (via Opera News )

Alfred Mashiya Drip Freddy Lekau Sehoana Pretoria South African


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