Theorema Scandinavia, one of the fast-growing factors in the Swedish and Nordic shoe market, has acquired the Senator, Network and Wetwork brands marketed by Svexico, another Swedish wholesaler and importer, prior to its recent bankruptcy. It won a bid for these assets in an auction against former managers of Svexico, which has closed down. Theorema, which has reportedly reached a similar size as Svexico at more than €60 million year, will continue to source these collections from India, Italy and the Far East, depending on trade measures. Theorema Scandinavia, which has partners also in Italy, Holland, Belgium and Poland, recently opened an office in China.