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.
Egypt and Russia have signed a supplementary intergovernmental agreement to push forward the El-Dabaa nuclear power plant project in Egypt, Al Arabiya reported on July 8, citing a statement from ... more
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
China’s LNG imports have fallen on a year-on-year basis for the eighth consecutive month, Bloomberg reported on June 26 citing data from Kpler. Imports of the super-chilled fuel in the world’s ... more