The German footwear brand Deichmann has announced the termination of its branded retail network in Russia. The company sold all 37 stores to a Russian partner, who also received inventory and inventory.
The amount of the deal was not disclosed. The new owner will continue developing the retail network under a different brand. Europe's largest shoe retailer has been operating in Russia since 2014. The staff of the Russian division of Deichmann has 260 employees.
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