Russia @ war: Emerging Opportunities for Indian Brands

12 April 2022, Mumbai:

Some Indian retailers are in talks to open shops in Russia even as global retail brands such as Zara, H&M, Mango, Nike, and Ikea have pulled out from there following Russia’s invasion of Ukraine.

Home furnishing retailer Maspar and fashion brand Killer Jeans are among the retailers exploring franchise opportunities in Russia.

ALSO READ Russia at War: Uniqlo suspends Russian ops temporarily

Four Indian brands sign pacts, another half a dozen are expected to come on board soon.

A delegation of 8-10 Russian a-franchisee operators is expected to visit India in the first week of May to meet potential Indian partners.

RELATED NEWS Russia at war: Zara closes stores & online platform in Russia

Beyond Squarefeet has sent proposals to several Indian retailers; many are interested.

Russian Council of Shopping Centres has written to many franchisee store operators in Russia.

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CREDITS: ET Dt 12-04-2022 (The news article has not been edited by DFU Publications staff)