hugo-boss-sold-its-business-in-russia-to-stockman

Hugo Boss sold its business in Russia to Stockman

 • 37259 переглядiв

German company Hugo Boss has sold its business in Russia. The new owner is the wholesale company Stockman, the Russian service of Deutsche Welle reports, UNN reports.

Details

It is noted that the German fashion house Hugo Boss has completed the sale of its Russian business. Now Hugo Boss Rus is owned by Stockman, one of Hugo Boss's longstanding wholesale partners in the country.

The amount of the deal was not disclosed. The Russian authorities demand a discount of at least 50% from Western companies when selling their business in Russia, Reuters reports. According to the agency, the deal was closed on August 2. Stockmann owns 100% of Hugo Boss Rus LLC worth 40 million rubles.

In late April, Hugo Boss agreed with the Russian government to sell its Russian business. One of the conditions of the sale was the preservation of all Hugo Boss jobs.

Російський ринок повністю покинули лише 6% іноземних компаній – KSE31.01.23, 14:12 • [views_1260915]

Popular

News by theme

Hugo Boss sold its business in Russia to Stockman

 • 37259 переглядiв

DeepState commented on the situation at the front and in the border areas

 • 118207 переглядiв

Hurricane washes up over $1 million worth of cocaine on Florida beach

 • 22909 переглядiв

MP's office in Berlin shelled for supporting Israel

 • 28697 переглядiв

Trump announces interview with Elon Musk on August 12

 • 23983 переглядiв

The Ministry of Education will conduct a gender audit to create a barrier-free space

 • 24717 переглядiв

US State Department promises Israel protection in case of attack

 • 40085 переглядiв

With seven medals, Ukraine ranks 18th in the medal standings of the 2024 Olympics

 • 19031 переглядiв

Kamala Harris officially becomes the Democratic presidential candidate

 • 25078 переглядiв

Italy scrambles fighter jets over unidentified planes in the Baltic

 • 110138 переглядiв