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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 ...

Modified: 12.28.2021
closure , coronavirus , Kiabi , Mulier , business , retail , clothing , store
Path: РусБанкрот - СМИ

GLOBAL BRANDS GROUP USA FILES FOR BANKRUPTCY

The apparel manufacturer and owner of numerous brands, the Global Brands Group (GBG), filed for bankruptcy in the United States on July 29, filing a relevant claim with the US court. The claim contains descriptions of a plan 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...

Modified: 08.02.2021
USA , bankruptcy , company bankruptcy , clothing , store , brand , Global Brands Group
Path: РусБанкрот - СМИ
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