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RADIO MARKET IN ROSTOV-ON-DON WILL BE LIQUIDATED

... the tenants to terminate the lease agreements by July 1, 2021. It is still unknown to what place the entrepreneurs will move and what awaits the market workers. The mayor's office of Rostov reported that the city administration was not involved in the closure of the market. Eyewitnesses note that the owner's decision to close the market, which has been operating in Rostov since the 1990s, is not unexpected. Recently, rumors have been circulating around the city about the plans to sell the territory ...

CITIBANK WILL LEAVE RUSSSIA

The press service of the Russian division of Citibank announced the bank's withdrawal from the retail markets of thirteen countries at once, including Russia. According to the calculations of the company's management, such a decision will help to increase investments. According to the head of the bank, Citi intends to concentrate its activities in several financial centers at once: in Singapore, London, the United Arab Emirates and Hong Kong, reports TASS. At the moment, it is known about the decision...

DODO PIZZA CHAIN CLOSES RESTAURANTS IN CHINA

... China. Ovchinnikov added that there still were resources for development, but the company has made a decision to suspend the activities. He explained this by saying that Dodo had strayed too far from the core business model. He also added that the closure of the Chinese direction would free up resources that could be directed to business development in Russia, Great Britain and in other countries. Now Dodo Pizza has about 680 establishments in 14 countries of the world. In 2020, the company's revenue ...

KOSMOKURS SPACE TOURISM COMPANY HAS ANNOUNCED LIQUIDATION

Kosmokurs Company, the only private organization in Russia, engaged in the development of the space tourism market, will be liquidated. This was announced on April 6 by its CEO Pavel Pushkin. According to him, the reason for the liquidation of the business was the Russian bureaucracy, which hinders the design of the cosmodrome, which the company planned to build in the Nizhny Novgorod region. The company, which until recently had about 50 employees, was founded in 2014 as a part of the Skolkovo...

LG WITHDRAWS FROM THE MARKET OF SMARTPHONE PRODUCERS

LG has announced the end of smartphone production. The fact is that the market has faced a high level of competition. Moreover, the activity has become unprofitable. The last LG smartphone will be released on July 31, 2021 - after that production will be stopped, but the devices will be on sale for some time. The company believes that the measure will improve their overall financial condition. At first, the revenues will decrease slightly, but in the future, the withdrawal from the market of smartphones...

CENTRAL BANK OF RUSSIA REVOKED THE LICENSE OF GEOBANK

The Central Bank of Russia announced the revocation of the banking license from Geobank LLC. The decision was made due to numerous violations committed by the credit institution. The representatives of the Central Bank stated that Geobank completely lost its funds. In addition, the institution violated federal laws and regulations of the Central Bank. Over the past year, the regulator has repeatedly tried to apply measures to Geobank, and even imposed a ban on attracting funds from depositors....

DISNEY IS CLOSING 60 STORES IN NORTH AMERICA

The press office of the Walt Disney Corporation informed the public that about 60 of the 300 retail stores operating under the Disney Store brand will be liquidated in 2021. After experiencing a 7% decline in sales in 2020, the company plans to focus on online commerce. The main factor that influenced this decision of the Disney management is the pandemic, say the experts. All retail outlets, which are now planned to be completely closed, were forced to close during a lockdown last year. In addition...

DISNEY CLOSING DOWN BLUE SKY STUDIOS

Twenty years after creation of the Ice Age movie, Blue Sky studio closes will be closed. The decision to terminate the operations of the company was made by its new owner, Disney. According to Deadline media, the reason cited by one of the studio's representatives is "current economic realities." Probably he was referring to COVID-19, which hit the global film industry. Blue Sky was previously owned by 20th Century Fox's animation division, but became part of Disney in 2019 when the company...

AMSTERDAM OFFICIALS AGREED TO CLOSE RED-LIGHT DISTRICT

The capital of the Netherlands may soon be left without one of its main attractions - the red-light district. The reason for this was the immoral behavior of visitors who come to famous brothels, leaving behind heaps of rubbish and dirt. The road signs with the words “Do not pee in the street” that appeared in the city center at the initiative of the local residents speak for themselves. At the same time, experts also name the second reason, why the city authorities dared to change the image of...

JUUL E-CIGARETTES LEAVING RUSSIAN MARKET

The American company Juul Labs, which is called one of the largest manufacturers of electronic cigarettes, has made a decision to stop operating in Russia. The reason for the closure of all outlets was the changed legal framework regulating the circulation of tobacco and cigarettes. The company hopes to continue its operations in the Russian market by supplying low-nicotine products in liquids for electronic vaporizers. ...

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