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Say goodbye to Kiabi: Mulier family closes business in Russia

The Kiabi store chain, which is owned by the Mulier family, will leave the Russian market by July next year. French entrepreneurs, who also own retail brands Auchan, Leroy Merlin and Decathlon, said they could not find the right model for running a clothing business here. For several years in a row, the Kiabi brand has remained unprofitable in the Russian Federation. According to RBC, in the next six months, the owners plan to close all 17 retail outlets in Kazan, Krasnodar, Samara and other cities of ...

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