A Chinese-Japanese investment fund, Sequedge, has signed a deal to get a stake of up to 33 percent stake in Costume National through an equity increase and the acquisition of convertible bonds. This Italian fashion company gets 35 percent of its revenues from its line of footwear, which is developed in-house. The company reportedly suffered a 30 percent drop in its sales to about €70 million last year. A business plan calls for a boost in annual sales to €200 million through the opening of new stores and through a major development in the Asian market, which currently absorbs only 10 percent of the company's sales.