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Global Fashion Group completes sale of Lamoda business in Russia

As noted in the message of the company, the former team is planned to be retained

© Haggardous50000/Shutterstock/FOTODOM

BRUSSELS, December 13. /TASS/. Global Fashion Group (GFG), a Luxembourg-based company, has successfully completed the sale of Lamoda business in Russia, Kazakhstan and Belarus to Iakov Panchenko, the owner of the Stockmann chain of department stores, the fashion and lifestyle company said on its website.

"Global Fashion Group (GFG) today successfully completed the sale of its CIS business, Lamoda, to retail fashion investor, Iakov Panchenko," the company said. GFG received 95 mln euro of proceeds (net of transaction costs) in addition to funds held in the Lamoda business as of September 30, 2022, it added.

Zimbabwe ready to buy 1 mln tons of grain to ease shortages after drought

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Operation in Rafah to have ‘devastating’ impact on Middle East — UN chief

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Russian troops in Crimea receive S-400 antiaircraft missile system

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Leader of Georgia’s largest opposition party beaten by police at rally — report

Levan Khabeishvili is a chairman of the party called United National Movement

Tucker Carlson interviews Russian philosopher Dugin

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Germany supplied Kiev with many weapons without mentioning publicly — top German diplomat

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Another attempted military coup thwarted in Burkina Faso, media outlet reports

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Police using tear gas against protesters in Tbilisi

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Dmitry Peskov stated that the position of Russian President Vladimir Putin "is well-known"

Chinese diplomat comments on Blinken’s warning on support to Russia

Chinese Foreign Ministry Spokesperson Lin Jian pointed out that the US was supplying Ukraine with arms and ammunition and at the same time making unfounded accusations regarding trade between China and Russia

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Russia’s Dnepr Battlegroup destroys 21 Ukrainian drone control centers in past day

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Xi Jinping to pay official visit to Serbia on May 7-8

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Prosecutors call to arrest one of Russia’s richest men over alleged alcohol smuggling

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Federal prosecutors filed charges in the case against a total of 27 people

Yet another Ukrainian drone shot down over Belgorod Region — defense ministry

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US creating NATO bases in Ukraine under guise of training centers — Belarusian president

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Musk sees plans for ten-year security agreement for Ukraine as ‘insane’

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Riot police dispersing protest rally in Tbilisi

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US-led coalition’s aircraft violate Syrian airspace ten times in past day

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