The Podium Market network, which included eight department stores located in Moscow, Kazan, Surgut and Krasnodar, ceases to exist due to financial difficulties, and the Stockmann department store should open up the Stockroom in Kazan by the end of the year, write Vedomosti ”With reference to a representative of Reviva Holdings.
Reviva Holdings owns Stockmann and Debenhams department stores in Russia. She acquired a license for the Podium Market brand for one year.
Another Stockmann will open before the end of the year at the site of one of the Podium Market department stores in Moscow. In total, five Podium Market department stores operate in Moscow.
The Finnish department store Stockmann has been present in Russia since 1989. Now the Russian retail chain Stockmann has seven department stores: five in Moscow, one in St. Petersburg and Yekaterinburg.