A big Russian shoe retailer, Centrobuv, is reportedly planning to go public later this year on the London or Hong Kong stock exchange to raise the equivalent of $500 million through the sale of existing shares and the issue of new ones. Morgan Stanley and Renaissance Capital are said to be preparing the IPO. The ownership is split among seven shareholders including the principals of a Russian supermarket chain, Kopejka. The group has more than 550 corporate and franchised shoe stores, positioned in the discount segment of the market. As reported in Sporting Goods Intelligence Europe, Centrobuv is still involved in a legal dispute with Adidas, which has charged the retailer of selling shoes bearing signs identical or confusingly similar to its own Three Stripes.