Search

Say goodbye to Kiabi: Mulier family closes business in Russia

... retail outlets in Kazan, Krasnodar, Samara and other cities of the country. It is also planned to completely stop online trading by closing the website of the Kiabi online store. The history of Kiabi began in 1978. The network was founded by Patrick Mulier, representing the richest commercial and industrial dynasty of France. In the current year, the family's fortune was estimated by Bloomberg at $ 45.9 billion. A chain of stores selling inexpensive clothing, footwear and various accessories operates in 18 countries. In total, there are about 450 Kiabi outlets in the world. Over the past year, the losses of the legal entity representing the brand in Russia (LLC ‘Keruska’) have grown by a quarter,...

Sorted by relevance | Sort by date