ia

Blog

There is no sanctions for those who want to invest in Russian market

There is no sanctions for those who want to invest in Russian market


Posted on Nov 29 Russian Market Russian Market and Retail

Shopping 2616824 1920


The U.S. discount store operator TJX Companies Inc has acquired a 25% stake in Russian low-cost retailer Familia for $225 million. This is the first major M&A purchase in Russia by a western company since sanctions of 2014. 


It is important to note that sanctions had a direct impact on popularity of discount retailers in Russia. Launched as solution to decline in global prices for export, the discount centers turned into promising opportunity for development and consumer spending centers.

 Familia has more than 275 stores in 90 cities across the state. With clothes, shoes, accessories and household goods on stock the company managed to raise turnover for 24% against 7% in the previous year. Now, when Russia found a successful path for development, the economy is ready to offer more and more investment opportunities for foreign markets.




Contact us now

Have questions? Ready to order our services? Contact our CEO Deputy Alexander Gurudov:



Please comment, ask questions and share with colleagues


Latest Posts


Subscribe to our newsletter

Do you want to be aware of the news from the world of certification?

Subscribe to the newsletter and be the first to receive information about innovations in the issuance of permits, receive interesting cases and life hacks on issuing certificates in different countries of the world, and about the launch of new types of certificates from WWBridge, and much more!




Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more