Mango puts up for sale its stores in Russia

11:38 - 20.06.2022


June 20, Fineko/abc.az. Spanish retailer Mango will finally abandon its direct presence in the Russian market and sell its own stores that will operate on the franchise model, El País and La Vanguardia report, citing sources in the company.

ABC.AZ reports that the company directly owns 55 stores with 800 employees in Russia, and sales deals have already been concluded with several local partners.

As a result of the agreement, Mango will independently stop supplying products to the Russian Federation.

On 3 March, Mango announced the temporary termination of its activities in Russia.

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