The co-owner Russian Stockmann plc bought business LLC "Kupishuz" to Commonwealth of Independent States

The Luxembourg holding Global Fashion Group sold business online clothing store and footwear of LLC "Kupishuz" to Russian Federation, Kazakhstan and Belarus to the co-owner of Stockmann plc to Russian Federation to Yakov Panchenko. To the publication on a site GFG paid attention of magazine "Forbes". Global Fashion Group reported that taking into account expenses on carrying out the transaction as a result of it received revenue of 95 million euros "in addition to the cost of the money which is storing in business by LLC "Kupishuz" as of September 30, 2022". In April of Global Fashion Group reduced investments in development LLC "Kupishuz". Changes concerned import and marketing...