German company Hugo Boss has decided to leave some of its business in Russia, focusing on wholesale deliveries. writes about it “Kommersant” with reference to a source in commercial real estate.
According to the publication, the company plans to sell the remaining stores in the Russian Federation and redirect its business to wholesale deliveries, as evidenced by the report data for the first half of 2023.
The concern’s press service told the publication that the company is “reviewing its business structure in Russia and is looking for a solution that fits the concern’s business model.”
Along with its investments in the Russian market, Hugo Boss suspended retail and online sales in Russia in March 2022, but trading through wholesale channels continued.
In July, German manufacturing company Hugo Boss launched The first branded beach in Berlin. The brand has released a new Boss Bottled Pacific summer fragrance. The company opened a beach-style pop-up boutique in Berlin specifically for the launch of the product.
before in chinadiscretion the impact of sanctions on trade with the Russian Federation.