HomeEconomyThe media reported the...

The media reported the final departure of Levi Strauss from Russia

Levi Strauss has stopped delivering goods to Russia, and plans to sell the rest through other sites, sources said.

Well -known American denim chain Levi Strauss & Co has decided to leave the Russian market after 29 years of operation. The company has stopped delivering goods and is looking for buyers for retail business, the Kommersant report cited fashion market sources on Monday, May 23rd.

function news4478436() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4478436&lang=2&IsAjax=true’, function (data) { $(‘#nk4478436’).html(data); });
}

news4478436();

According to interlocutors, the company is looking for buyers for part of its stores in the Russian Federation. Levi Strauss stopped deliveries of the goods, and plans to sell the rest through other sites, sources said.

One of the interlocutors named Turkish Fiba Holding AS (which comprises Gap, Marks & Spencer and Banana Republic outlets in Russia) as one of the potential buyers of Levi’s stores in Russia.

The newspaper spokesman tells clothing retailers that he is also negotiating with Levi’s, but there are no agreements in principle yet.

Levi’s headquarters did not respond to the publication. The newspaper failed to contact Fiba Holding.

Levi Strauss & Co. was founded in 1853 as a major manufacturer of jeans. The first store in Russia opened in 1993. According to various sources, there are currently approximately 90 Levi’s outlets in the Russian Federation, some of which can be opened as a franchise. The group’s total revenue in 2021 is $ 5.8 billion, the Russian share of the business will not exceed 2%.

It will be recalled that in March, Levi’s main office announced the suspension of commercial activities and any investment in Russia due to this country’s invasion of Ukraine.

News from Athletistic in the Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Rosey Nights were struck by the Kramator Landscape Park (photo)

Russian invaders on the night of August 29, they again shot at the community of Kramators. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Alexander Goncharenko, the head of the...

Robots of the Rooski accident in Kyiv were crazy 30 times (video).

In Kyiv, emergency search work lasted more than 30 hours after a mass Russian air attack on the night of August 28. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

In Kyiv, as a result of the accident, the driver of the deceased died on a shelf

In Kyiv today, August 29, there was a fatal road accident with the participation of law enforcement agencies. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was reported by...