Search

Say goodbye to Kiabi: Mulier family closes business in Russia

.... 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,...

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 ...

Sorted by relevance | Sort by date