Zara of new life

The authorities coordinated sale the Russian assets of group of Inditex S. A the Transaction on sale the Russian assets of the Spanish group of Inditex S. A got pravkomissiya approval. The buyer — company Fashion And More Management from a free zone of United Arab Emirates — will restart Zara shops under new brands in April — May the Subcommittee of the governmental commission on control behind foreign investments to Russian Federation approved on March 30 the transaction on sale the Spanish retailer of clothes of Inditex S. A 100% of companies JOINT-STOCK COMPANY "NOVAYA MODA" (earlier JOINT-STOCK COMPANY "NOVAYA MODA"). About it reported daily business newspaper "RBK daily" to the deputy minister of the industry and trades Victor Leonidovich Yevtukhov. Buyer...