Icelandic shoe company X-18 has agreed a five-year contract worth six billion Icelandic crowns ($56.3 million) with Norimco, a subsidiary of shoe distribution company BATA.

Norimco will now distribute X-18's shoes in the US and Canada. X-18 has five stores in three countries - two in Iceland, two in Norway and one in Denmark - and aims to open five more stores by next March.