Search

Experts predict liquidation of 20% of clothing stores in Russia

The pandemic, which reoriented the Russian consumer to online shopping, revealed a number of trends in the clothing market. Experts point out that one of them is conscious consumption. This trend, in their opinion, can ‘bury’ up to 20% of the current clothing market by 2035. Alexey Bazhenov, the head of the NTI WearNet group, made a similar forecast. According ...

The co-owner of the Alga clothing brand is driven to bankruptcy by Sberbank

The credit institution applied to the arbitration court of Tatarstan with a bankruptcy claim against Timerhan Ziyatdinov, who is one of the co-owners of the Alga company. The claim for 7.1 million rubles was filed on September 22 and has not yet been accepted for proceedings by the court. What is the reason for Ziyatdinov's debt to Sberbank has not yet been disclosed. Being a participant of the ‘Enterprise Factory’ educational project, supported by the Ministry of Economy of Tatarstan, Ziyatdinov...

UNDERSTAND AND FORGIVE? PROCEEDINGS TO RECOVER 1.1 BILLION FROM ZARA HAVE BEEN DISCONTINUED

The claim was previously filed by MBN Agro. She is the owner of retail premises on Neglinnaya Street, 10. We are talking about the claim of MBN Agro against Zara CIS JSC, part of the Spanish Inditex group of companies (Zara, Massimo Dutti, Bershka, Oysho, etc.). The company demanded to terminate the lease agreement and recover from the defendant rent arrears and lost profits totaling 1.1 billion rubles. In addition, the plaintiff demanded to terminate the lease agreement and collect 1 million rubles...

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 ...

GLOBAL BRANDS GROUP USA FILES FOR BANKRUPTCY

... to sell the key assets. Among the brands, there are those that will be sold in bankruptcy. The company was actually established in 2005, when the Chinese firm Li & Fung Limited set up a wholesale business specializing in private labels and branded clothing. By December, the company was registered in Bermuda Islands with the aim of spinning off into a separate enterprise, having become a 100% subsidiary of Li & Fung Ltd. As early as 2014, the GBG’s shares began to be traded on the Hong Kong Stock ...

ADLER FASHION CHAIN FILES FOR BANKRUPTCY

Lockdown, which was introduced in Austria in mid-December, has led to the bankruptcy of a famous clothing chain - Adler reported filing bankruptcy petition in the district court. It is assumed that the organization will face restructuring under the supervision of an interim manager. Adler brand has twenty-four branches operating in Austria. The ...

Sorted by relevance | Sort by date