Russian fashion store chain Slava intends to expand into Uzbekistan, TASS has reported, with reference to CEO Alexander Peremyatov.
"There are plans to enter, firstly, former CIS countries Belarus and Uzbekistan. Secondly, China and [United] Arab Emirates," said Peremyatov.
Currently, Slava works only with Russian designers. However, in the future, the company intends to attract designers from other countries, including Uzbekistan, Kazakhstan and Belarus.
After the departure of international brands from Russia amid the Western economic backlash to the Ukraine invasion, Slava managed to occupy an empty 10,000 square metres of retail space. In the next two years, the Russian network will, if all goes to plan, additionally occupy 30,000 square metres that previously belonged to Bershka, Adidas, Zara, H&M and other brands.
The first Slava store was opened in 2015. The network to date offers over 6,000 fashion and other brands.
South African authorities have launched an investigation after electronic components manufactured domestically were discovered in Russian drones used in the war in Ukraine, officials confirmed this ... more
Estonian authorities are considering whether to extradite two residents accused of helping Russian military intelligence (GRU) operatives send parcel bombs that nearly caused major air disasters ... more
Citibank, the Russian subsidiary of US banking giant Citigroup, will wind down its remaining operations in Russia from Nov. 1, marking the final step in its exit from the country, Reuters reported on ... more