California Fashion Brand Ups Russian Investment

Posted 5/30/23

American fashion brand Guess has reacquired its 30% stake from its Russian partner Vyacheslav Shikulov, an unusual move for the Russian fashion market. The deal, valued at €8 million (US$8.5 million), has consolidated 100% of Guess's Russian business after receiving approval from the US Treasury Department.

This item is available in full to subscribers.

Please log in to continue

Log in